Eca Marcellus Trust I (ECT) to Issue Quarterly Dividend of $0.07

Eca Marcellus Trust I (NYSE:ECT) declared a quarterly dividend on Wednesday, February 7th, Zacks reports. Shareholders of record on Tuesday, February 20th will be given a dividend of 0.067 per share by the oil and gas company on Wednesday, February 28th. This represents a $0.27 annualized dividend and a yield of 12.18%. The ex-dividend date is Friday, February 16th.

Eca Marcellus Trust I has decreased its dividend by an average of 34.4% per year over the last three years.

Eca Marcellus Trust I (NYSE:ECT) opened at $2.20 on Friday. The stock has a market capitalization of $38.73, a price-to-earnings ratio of 6.67 and a beta of 1.27. Eca Marcellus Trust I has a 52-week low of $2.00 and a 52-week high of $2.85.

Eca Marcellus Trust I (NYSE:ECT) last announced its quarterly earnings results on Thursday, November 9th. The oil and gas company reported $0.07 earnings per share for the quarter. Eca Marcellus Trust I had a return on equity of 10.85% and a net margin of 84.37%. The business had revenue of $1.45 million during the quarter.

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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.

Dividend History for Eca Marcellus Trust I (NYSE:ECT)

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