Encana Co. (ECA) Increases Dividend to $0.02 Per Share
Encana Co. (TSE:ECA) (NYSE:ECA) declared a quarterly dividend on Tuesday, November 7th, Zacks reports. Investors of record on Friday, December 15th will be given a dividend of 0.019 per share on Friday, December 29th. This represents a $0.08 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Thursday, December 14th. This is a boost from Encana’s previous quarterly dividend of $0.02.
Encana (TSE ECA) traded up C$0.15 on Friday, reaching C$15.17. The company had a trading volume of 3,030,800 shares, compared to its average volume of 4,443,605. Encana has a 12-month low of C$10.54 and a 12-month high of C$18.13.
A number of research analysts recently commented on ECA shares. Scotiabank upped their price objective on Encana to C$16.25 and gave the company a “sector perform” rating in a report on Friday, October 20th. Raymond James Financial upped their price objective on Encana to C$20.00 and gave the company a “strong-buy” rating in a report on Friday, October 20th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$16.20.
Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays. The Company’s operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America.
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