MV Oil Trust (MVO) Plans Quarterly Dividend of $0.88
MV Oil Trust (NYSE:MVO) declared a quarterly dividend on Monday, April 7th, Analyst Ratings Network.com reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.88 per share on Friday, April 25th. This represents a $3.52 dividend on an annualized basis and a yield of 14.00%. The ex-dividend date of this dividend is Friday, April 11th. This is a boost from MV Oil Trust’s previous quarterly dividend of $0.83.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of MV Oil Trust from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 11th. They now have a $26.60 price target on the stock. Finally, analysts at Raymond James upgraded shares of MV Oil Trust from an “underperform” rating to a “market perform” rating in a research note on Wednesday, January 8th.
MV Oil Trust (NYSE:MVO) traded up 2.19% during mid-day trading on Monday, hitting $25.70. 77,523 shares of the company’s stock traded hands. MV Oil Trust has a 52-week low of $22.76 and a 52-week high of $32.60. The stock has a 50-day moving average of $24.2 and a 200-day moving average of $25.74. The company has a market cap of $295.6 million and a price-to-earnings ratio of 7.81.
MV Oil Trust (NYSE:MVO) is a statutory trust formed by MV Partners, LLC (MV Partners).
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