ECA Marcellus Trust I (OTCMKTS:ECTM) to Issue $0.01 Quarterly Dividend

ECA Marcellus Trust I (OTCMKTS:ECTM) announced a quarterly dividend on Tuesday, November 12th,NASDAQ Dividends reports. Stockholders of record on Friday, November 22nd will be given a dividend of 0.005 per share on Friday, November 29th. This represents a $0.02 annualized dividend and a dividend yield of 4.37%. The ex-dividend date is Friday, November 22nd.

ECA Marcellus Trust I Stock Up 11.0 %

ECA Marcellus Trust I stock opened at $0.46 on Thursday. The business’s 50-day moving average price is $0.45 and its 200 day moving average price is $0.48. The firm has a market cap of $8.05 million, a price-to-earnings ratio of 6.87 and a beta of 0.60. ECA Marcellus Trust I has a 52 week low of $0.34 and a 52 week high of $0.58.

ECA Marcellus Trust I Company Profile

ECA Marcellus Trust I owns royalty interests in producing wells and horizontal natural gas development wells for Energy Corporation of America (ECA). The company owns royalty interests in 14 producing wells and 40 development wells located in the Greene County, Pennsylvania. Its royalty interests in the producing wells allow the company to receive 90% of the proceeds from the sale of production of natural gas attributable to ECA’s interest in the producing wells; and 50% of the proceeds from the sale of production of natural gas attributable to ECA’s interest in the development wells.