ECA Marcellus Trust I (OTCMKTS:ECTM) Increases Dividend to $0.05 Per Share

ECA Marcellus Trust I (OTCMKTS:ECTM) declared a dividend on Saturday, May 17th, investing.com reports. Shareholders of record on Wednesday, May 21st will be given a dividend of 0.052 per share on Friday, May 30th. This represents a yield of 35.86%. The ex-dividend date of this dividend is Tuesday, May 20th. This is a 20.9% increase from ECA Marcellus Trust I’s previous dividend of $0.04.

ECA Marcellus Trust I Trading Up 5.5%

ECA Marcellus Trust I stock opened at $0.58 on Friday. The company has a market capitalization of $10.21 million, a PE ratio of 9.67 and a beta of -0.23. ECA Marcellus Trust I has a 12 month low of $0.37 and a 12 month high of $0.58. The stock has a 50-day moving average price of $0.49 and a two-hundred day moving average price of $0.48.

ECA Marcellus Trust I (OTCMKTS:ECTM) last posted its earnings results on Wednesday, May 14th. The company reported $0.05 EPS for the quarter. The business had revenue of $1.28 million for the quarter.

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.