Eca Marcellus Trust I (NYSE:ECT) declared a quarterly dividend on Tuesday, August 6th, NASDAQ reports. Stockholders of record on Tuesday, August 20th will be given a dividend of 0.037 per share by the oil and gas company on Friday, August 30th. This represents a $0.15 annualized dividend and a dividend yield of 10.35%. The ex-dividend date of this dividend is Monday, August 19th.
Eca Marcellus Trust I has decreased its dividend by an average of 12.3% per year over the last three years.
Eca Marcellus Trust I stock opened at $1.43 on Friday. The stock has a 50 day moving average of $1.67 and a 200-day moving average of $1.79. Eca Marcellus Trust I has a 52 week low of $1.40 and a 52 week high of $2.15. The stock has a market cap of $25.17 million, a P/E ratio of 5.30 and a beta of 1.72.
ECA Marcellus Trust I owns royalty interests in producing and development horizontal natural gas wells for Energy Corporation of America (ECA). The company owns royalty interests in 14 producing wells and 40 development wells. 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.
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