Eca Marcellus Trust I (ECT) Trading 5.3% Higher
Eca Marcellus Trust I (NYSE:ECT) traded up 5.3% during mid-day trading on Monday . The company traded as high as $2.38 and last traded at $2.37, with a volume of 88,653 shares. The stock had previously closed at $2.25.
The firm has a market capitalization of $39.96 million and a price-to-earnings ratio of 10.09. The stock has a 50 day moving average price of $2.07 and a 200 day moving average price of $1.62.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Friday, August 19th will be paid a $0.028 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $0.11 annualized dividend and a yield of 4.85%. This is a boost from Eca Marcellus Trust I’s previous quarterly dividend of $0.03.
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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