ECA Marcellus Trust I - Unit (ECTM) Declares $0.04 Dividend
ECA Marcellus Trust I - Unit said on May 11, 2023 that its board of directors declared a regular quarterly dividend of $0.04 per share ($0.17 annualized). Previously, the company paid $0.12 per share.
Shares must be purchased before the ex-div date of May 19, 2023 to qualify for the dividend. Shareholders of record as of May 22, 2023 will receive the payment on May 30, 2023.
At the current share price of $2.52 / share, the stock's dividend yield is 6.83%.
Looking back five years and taking a sample every week, the average dividend yield has been 16.32%, the lowest has been 8.21%, and the highest has been 27.12%. The standard deviation of yields is 5.67 (n=80).
The current dividend yield is 1.67 standard deviations below the historical average.
The company's 3-Year dividend growth rate is 3.07%, demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 1 funds or institutions reporting positions in ECA Marcellus Trust I - Unit. This is a decrease of 1 owner(s) or 50.00% in the last quarter. Average portfolio weight of all funds dedicated to ECTM is 0.00%, a decrease of 100.00%. Total shares owned by institutions decreased in the last three months by 99.83% to 0K shares.
What are Other Shareholders Doing?
Huntington National Bank holds 0K shares. No change in the last quarter.
This story originally appeared on Fintel.