ECA Marcellus Trust I (ECTM) to Issue Quarterly Dividend of $0.01 on November 29th

ECA Marcellus Trust I (OTCMKTS:ECTM) announced a quarterly dividend on Tuesday, November 12th,NASDAQ Dividends reports. Shareholders of record on Friday, November 22nd will be given a dividend of 0.005 per share on Friday, November 29th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date of this dividend is Friday, November 22nd.

ECA Marcellus Trust I Price Performance

OTCMKTS ECTM opened at $0.41 on Wednesday. The company’s 50 day simple moving average is $0.45 and its 200 day simple moving average is $0.48. ECA Marcellus Trust I has a 12 month low of $0.34 and a 12 month high of $0.59. The company has a market capitalization of $7.25 million, a P/E ratio of 6.87 and a beta of 0.60.

About ECA Marcellus Trust I

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.