ECA Marcellus Trust I (ECTM) to Issue Annual Dividend of $0.02 on March 3rd

ECA Marcellus Trust I (OTCMKTS:ECTM) announced an annual dividend on Thursday, February 13th,NASDAQ Dividends reports. Shareholders of record on Monday, February 24th will be paid a dividend of 0.02 per share on Monday, March 3rd. This represents a yield of 4%. The ex-dividend date of this dividend is Monday, February 24th.

ECA Marcellus Trust I Stock Up 1.9 %

ECTM stock opened at $0.50 on Friday. The business’s 50-day moving average price is $0.47 and its 200-day moving average price is $0.46. The stock has a market cap of $8.79 million, a P/E ratio of 8.13 and a beta of 0.60. ECA Marcellus Trust I has a twelve month low of $0.37 and a twelve month high of $0.55.

ECA Marcellus Trust I Company Profile

ECA Marcellus Trust I owns royalty interests in producing wells and horizontal natural gas development wells for Energy Corporation of America (ECA). The company owns royalty interests in 14 producing wells and 40 development wells located in the Greene County, Pennsylvania. Its royalty interests in the producing wells allow the company to receive 90% of the proceeds from the sale of production of natural gas attributable to ECA’s interest in the producing wells; and 50% of the proceeds from the sale of production of natural gas attributable to ECA’s interest in the development wells.