MV Oil Trust to Issue Quarterly Dividend of $0.13 (MVO)
MV Oil Trust (NYSE:MVO) declared a quarterly dividend on Wednesday, October 4th, Wall Street Journal reports. Investors of record on Friday, October 13th will be paid a dividend of 0.125 per share by the oil and gas producer on Wednesday, October 25th. This represents a $0.50 dividend on an annualized basis and a yield of 8.47%. The ex-dividend date of this dividend is Thursday, October 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 down 5.60% on Wednesday, hitting $5.90. The stock had a trading volume of 186,745 shares. The firm’s 50-day moving average price is $5.20 and its 200 day moving average price is $5.84. The firm has a market cap of $67.85 million, a PE ratio of 9.22 and a beta of 0.29. MV Oil Trust has a 52-week low of $4.80 and a 52-week high of $7.35.
MV Oil Trust (NYSE:MVO) last posted its earnings results on Wednesday, August 9th. The oil and gas producer reported $0.25 EPS for the quarter. The company had revenue of $3.08 million during the quarter. On average, equities research analysts predict that MV Oil Trust will post $1.74 EPS for the current year.
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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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