MV Oil Trust (MVO) Declares $0.23 Quarterly Dividend
MV Oil Trust (NYSE:MVO) announced a quarterly dividend on Wednesday, July 5th, Wall Street Journal reports. Shareholders of record on Friday, July 14th will be paid a dividend of 0.225 per share by the oil and gas producer on Tuesday, July 25th. This represents a $0.90 annualized dividend and a yield of 15.08%. The ex-dividend date is Wednesday, July 12th.
MV Oil Trust has decreased its dividend payment by an average of 50.1% annually over the last three years.
Shares of MV Oil Trust (MVO) traded up 1.19% during mid-day trading on Wednesday, reaching $5.97. The company’s stock had a trading volume of 79,515 shares. The company has a market capitalization of $68.66 million, a price-to-earnings ratio of 14.21 and a beta of 0.28. The company’s 50 day moving average price is $6.07 and its 200-day moving average price is $6.42. MV Oil Trust has a 1-year low of $5.14 and a 1-year high of $7.35.
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MV Oil Trust Company Profile
MV Oil Trust (the Trust) is a statutory trust. The Trust acquires and holds a term net profits interest for the benefit of the Trust unitholders. Its underlying properties consist of MV Partners, LLC’s (MV Partners) net interests in all of its oil and natural gas properties, which are located in the Mid-Continent region in the States of Kansas and Colorado.
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