MV Oil Trust (NYSE:MVO) Announces $0.24 Quarterly Dividend

by · The Markets Daily

MV Oil Trust (NYSE:MVO – Get Free Report) announced a quarterly dividend on Monday, January 6th,Wall Street Journal reports. Stockholders of record on Thursday, January 16th will be paid a dividend of 0.24 per share by the oil and gas producer on Friday, January 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.48%. The ex-dividend date is Thursday, January 16th.

MV Oil Trust has raised its dividend payment by an average of 15.9% per year over the last three years.

MV Oil Trust Price Performance

Shares of NYSE MVO opened at $8.36 on Wednesday. The stock has a market cap of $96.14 million, a PE ratio of 5.26 and a beta of 0.78. The firm has a fifty day moving average price of $8.57 and a 200-day moving average price of $9.05. MV Oil Trust has a 1 year low of $7.41 and a 1 year high of $12.73.

MV Oil Trust (NYSE:MVO – Get Free Report) last posted its earnings results on Thursday, November 7th. The oil and gas producer reported $0.41 earnings per share for the quarter. The company had revenue of $4.95 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of MV Oil Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, October 1st.

View Our Latest Analysis on MV Oil Trust

MV Oil Trust Company Profile

(Get Free Report)

MV Oil Trust acquires and holds term net profits interests in the oil and natural gas properties of MV Partners, LLC. Its properties wells located in the Mid-Continent region in the states of Kansas and Colorado. MV Oil Trust was incorporated in 2006 and is based in Houston, Texas.

Recommended Stories