ECA Marcellus Trust I (OTCMKTS:ECTM) Announces Dividend of $0.01

ECA Marcellus Trust I (OTCMKTS:ECTM) announced a 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. The ex-dividend date of this dividend is Friday, November 22nd.

ECA Marcellus Trust I Price Performance

OTCMKTS:ECTM traded down $0.03 during trading hours on Wednesday, hitting $0.44. 52,324 shares of the company were exchanged, compared to its average volume of 24,672. The stock has a market capitalization of $7.74 million, a price-to-earnings ratio of 7.82 and a beta of 0.60. ECA Marcellus Trust I has a 52-week low of $0.34 and a 52-week high of $0.60. The company’s 50 day moving average price is $0.46 and its 200-day moving average price is $0.48.

ECA Marcellus Trust I Company Profile

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.