Mesa Royalty Trust Plans Monthly Dividend of $0.02 (NYSE:MTR)

Mesa Royalty Trust (NYSE:MTR) declared a monthly dividend on Thursday, April 18th, Wall Street Journal reports. Shareholders of record on Tuesday, April 30th will be paid a dividend of 0.0192 per share by the energy company on Wednesday, July 31st. This represents a $0.23 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Monday, April 29th.

Mesa Royalty Trust has raised its dividend by an average of 72.0% per year over the last three years.

Mesa Royalty Trust Stock Down 1.3 %

Shares of MTR stock opened at $9.31 on Friday. The business has a 50 day moving average of $10.33 and a two-hundred day moving average of $12.32. Mesa Royalty Trust has a 52 week low of $8.85 and a 52 week high of $29.50. The company has a market cap of $17.32 million, a P/E ratio of 6.09 and a beta of 0.71.

Mesa Royalty Trust (NYSE:MTR) last issued its earnings results on Monday, April 1st. The energy company reported $0.13 EPS for the quarter. Mesa Royalty Trust had a return on equity of 97.86% and a net margin of 87.08%. The company had revenue of $0.30 million during the quarter.

Mesa Royalty Trust Company Profile

Mesa Royalty Trust owns net overriding royalty interests in various oil and gas producing properties in the United States. The company has interests in properties located in the Hugoton field of Kansas; and the San Juan Basin of Northwestern New Mexico and Southwestern Colorado. Mesa Royalty Trust was founded in 1979 and is based in Houston, Texas.