ECA Marcellus Trust I (OTCMKTS:ECTM) Announces Quarterly Dividend of $0.02

ECA Marcellus Trust I (OTCMKTS:ECTMGet Free Report) announced a quarterly dividend on Tuesday, May 14th, NASDAQ reports. Investors of record on Tuesday, May 21st will be given a dividend of 0.021 per share on Friday, May 31st. This represents a $0.08 annualized dividend and a dividend yield of 19.09%. The ex-dividend date is Monday, May 20th.

ECA Marcellus Trust I Price Performance

Shares of OTCMKTS:ECTM traded up $0.01 during trading on Wednesday, hitting $0.44. 137,360 shares of the company’s stock were exchanged, compared to its average volume of 25,913. ECA Marcellus Trust I has a 52-week low of $0.34 and a 52-week high of $1.38. The business’s 50-day simple moving average is $0.46 and its 200 day simple moving average is $0.47. The company has a market cap of $7.75 million, a price-to-earnings ratio of 7.33 and a beta of 0.57.

ECA Marcellus Trust I (OTCMKTS:ECTMGet Free Report) last released its quarterly earnings results on Monday, May 13th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $0.63 million for the quarter.

ECA Marcellus Trust I Company Profile

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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 52 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.

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Dividend History for ECA Marcellus Trust I (OTCMKTS:ECTM)

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