ECA Marcellus Trust I (NYSE:ECT) Raises Dividend to $0.10 Per Share
ECA Marcellus Trust I (NYSE:ECT) declared a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Stockholders of record on Friday, August 18th will be paid a dividend of 0.10 per share by the oil and gas company on Thursday, August 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 16.67%. The ex-dividend date of this dividend is Wednesday, August 16th. This is a positive change from ECA Marcellus Trust I’s previous quarterly dividend of $0.09.
ECA Marcellus Trust I has decreased its dividend payment by an average of 54.3% annually over the last three years.
ECA Marcellus Trust I (ECT) opened at 2.40 on Tuesday. ECA Marcellus Trust I has a 12 month low of $1.98 and a 12 month high of $2.95. The stock’s 50 day moving average price is $2.22 and its 200-day moving average price is $2.22. The stock has a market cap of $42.25 million, a PE ratio of 9.27 and a beta of 1.42.
ECA Marcellus Trust I (NYSE:ECT) last issued its quarterly earnings data on Wednesday, August 9th. The oil and gas company reported $0.10 EPS for the quarter. ECA Marcellus Trust I had a return on equity of 10.54% and a net margin of 84.94%. The company had revenue of $2.01 million during the quarter. Analysts anticipate that ECA Marcellus Trust I will post $0.77 EPS for the current fiscal year.
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About ECA Marcellus Trust I
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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