Eca Marcellus Trust I (NYSE:ECT) shares dropped 3.9% during mid-day trading on Wednesday . The company traded as low as $2.16 and last traded at $2.20, with a volume of 65,966 shares changing hands. The stock had previously closed at $2.29.

The stock’s 50-day moving average price is $2.11 and its 200-day moving average price is $1.66. The stock has a market capitalization of $38.73 million and a P/E ratio of 11.46.

The firm also recently disclosed 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. This represents a $0.11 dividend on an annualized basis and a dividend yield of 5.09%. This is a positive change from Eca Marcellus Trust I’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend 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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