ECA Marcellus Trust I (NYSE:ECT) Declares Quarterly Dividend of $0.10
ECA Marcellus Trust I (NYSE:ECT) announced a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Investors of record on Friday, August 18th will be given a dividend of 0.10 per share by the oil and gas company on Thursday, August 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 17.02%. The ex-dividend date is Wednesday, August 16th. This is a positive change from ECA Marcellus Trust I’s previous quarterly dividend of $0.09.
ECA Marcellus Trust I has decreased its dividend payment by an average of 54.3% annually over the last three years.
ECA Marcellus Trust I (ECT) traded up 4.44% during midday trading on Tuesday, hitting $2.35. The company had a trading volume of 53,746 shares. The stock has a market cap of $41.37 million, a price-to-earnings ratio of 9.07 and a beta of 1.42. The company’s 50 day moving average is $2.16 and its 200 day moving average is $2.23. ECA Marcellus Trust I has a 12-month low of $1.98 and a 12-month high of $2.95.
ECA Marcellus Trust I Company Profile
ECA Marcellus Trust I (the Trust) is a statutory trust. The Trust is formed by Energy Corporation of America (ECA) to own royalty interests in natural gas properties owned and operated by ECA in the Marcellus Shale formation in Greene County, Pennsylvania. The Trust does not conduct any operations or activities.
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