ECA Marcellus Trust Announces Quarterly Dividend of $0.28 (ECT)
ECA Marcellus Trust (NYSE:ECT) announced a quarterly dividend on Thursday, August 7th, Stock Ratings Network reports. Investors of record on Thursday, August 21st will be paid a dividend of 0.281 per share on Friday, August 29th. This represents a $1.12 annualized dividend and a dividend yield of 15.81%.
ECA Marcellus Trust (NYSE:ECT) remained flat at $7.12 during trading on Thursday. The stock had a trading volume of 72,617 shares. ECA Marcellus Trust has a 52-week low of $6.79 and a 52-week high of $10.75. The stock’s 50-day moving average is $7.19 and its 200-day moving average is $8.11. The company has a market cap of $125.3 million and a price-to-earnings ratio of 4.55.
ECA Marcellus Trust (NYSE:ECT) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.42 by $0.09. Analysts expect that ECA Marcellus Trust will post $1.32 EPS for the current fiscal year.
ECA Marcellus Trust I (NYSE:ECT) is a trust formed by Energy Corporation of America (ECA) to own royalty interests in 14 producing horizontal natural gas wells producing from the Marcellus Shale formation and located in Greene County, Pennsylvania (the Producing Wells) and royalty interests in 52 horizontal natural gas development wells to be drilled to the Marcellus Shale formation (the PUD Wells) within the Area of Mutual Interest consisted of 9,300 net acres held by ECA in Greene County, Pennsylvania.
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