Marine Petroleum Trust Plans Quarterly Dividend of $0.30 (MARPS)
Marine Petroleum Trust (NASDAQ:MARPS) announced a quarterly dividend on Monday, May 19th, AnalystRatingsNetwork.com reports. Stockholders of record on Friday, May 30th will be paid a dividend of 0.2968 per share on Friday, June 27th. This represents a $1.19 annualized dividend and a dividend yield of 6.35%.
On the ratings front, analysts at TheStreet upgraded shares of Marine Petroleum Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, March 25th.
Marine Petroleum Trust (NASDAQ:MARPS) traded up 0.56% on Monday, hitting $18.805. The stock had a trading volume of 1,742 shares. Marine Petroleum Trust has a 52 week low of $13.00 and a 52 week high of $20.72. The stock has a 50-day moving average of $16.81 and a 200-day moving average of $15.99. The company has a market cap of $37.6 million and a price-to-earnings ratio of 13.22.
Marine Petroleum Trust (NASDAQ:MARPS) is a royalty trust.
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