ECA Marcellus Trust I (OTCMKTS:ECTM) Raises Dividend to $0.18 Per Share

ECA Marcellus Trust I (OTCMKTS:ECTMGet Rating) declared a dividend on Saturday, August 13th, investing.com reports. Investors of record on Friday, August 19th will be paid a dividend of 0.176 per share on Wednesday, August 31st. This represents a dividend yield of 21.8%. The ex-dividend date is Thursday, August 18th. This is an increase from ECA Marcellus Trust I’s previous dividend of $0.09.

ECA Marcellus Trust I Trading Up 4.0 %

Shares of OTCMKTS:ECTM opened at $3.38 on Wednesday. The company has a market cap of $57.22 million, a price-to-earnings ratio of 9.56 and a beta of 0.98. ECA Marcellus Trust I has a 12 month low of $0.41 and a 12 month high of $3.40. The company has a 50-day moving average price of $2.26 and a 200 day moving average price of $1.90.

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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