Eca Marcellus Trust I (ECT) Trading 5.3% Higher
Eca Marcellus Trust I (NYSE:ECT)’s share price traded up 5.3% during mid-day trading on Monday . The stock traded as high as $2.38 and last traded at $2.37, with a volume of 88,653 shares traded. The stock had previously closed at $2.25.
The stock has a 50-day moving average of $2.11 and a 200-day moving average of $1.65. The firm has a market cap of $39.87 million and a P/E ratio of 10.0658.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Friday, August 19th will be paid a dividend of $0.028 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $0.11 annualized dividend and a dividend yield of 4.87%. This is a positive change 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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