Eca Marcellus Trust I (ECT) Stock Price Down 4.4%
Eca Marcellus Trust I (NYSE:ECT) dropped 4.4% during mid-day trading on Wednesday . The company traded as low as $2.16 and last traded at $2.16, with a volume of 67,637 shares trading hands. The stock had previously closed at $2.26.
The firm has a market capitalization of $38.11 million and a P/E ratio of 11.229. The stock’s 50 day moving average price is $2.07 and its 200 day moving average price is $1.62.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Friday, August 19th will be issued a $0.028 dividend. This represents a $0.11 annualized dividend and a yield of 4.91%. This is an increase from Eca Marcellus Trust I’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, August 17th.
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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