Eca Marcellus Trust I (ECT) Stock Price Down 3.6%
Shares of Eca Marcellus Trust I (NYSE:ECT) were down 3.6% during mid-day trading on Friday . The stock traded as low as $1.99 and last traded at $2.14, with a volume of 68,895 shares trading hands. The stock had previously closed at $2.22.
The stock’s 50 day moving average is $2.15 and its 200 day moving average is $1.70. The stock has a market cap of $37.50 million and a PE ratio of 11.09.
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 issued a dividend of $0.028 per share. The ex-dividend date is Wednesday, August 17th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 5.26%. 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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