ECA Marcellus Trust I Gives Investors Half a Penny Dividend 3Q

ECA Marcellus Trust I, the royalty interest holder in some of the wells drilled and maintained by Greylock Energy in Greene County, PA, announced it would issue six-tenths of a penny ($0.006) dividend to unitholders for 3Q23. The company paid out 4.3 cents per unit in 1Q23 and nothing in 2Q23 (see ECA Marcellus Trust I Gives Investors No Dividends in 2Q23). The company continues to hold back some profits ($90,000 in 3Q23) to build a cash reserve for “future known, anticipated or contingent expenses or liabilities.”

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