Eca Marcellus Trust I (ECT) Shares Down 3.6%
Eca Marcellus Trust I (NYSE:ECT) fell 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 $1.71. The company has a market capitalization of $37.50 million and a price-to-earnings ratio of 11.09.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Friday, August 19th will be given a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a yield of 5.26%. This is a positive change 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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