MV Oil Trust (NYSE:MVO – Get Free Report) declared a quarterly dividend on Thursday, July 2nd. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.5938 per share by the oil and gas producer on Friday, July 24th. This represents a c) dividend on an annualized basis and a dividend yield of 298.8%. The ex-dividend date of this dividend is Wednesday, July 15th. This is a 249.3% increase from MV Oil Trust’s previous quarterly dividend of $0.17.
MV Oil Trust has increased its dividend payment by an average of 0.1%annually over the last three years.
MV Oil Trust Price Performance
MVO opened at $0.80 on Monday. MV Oil Trust has a 12 month low of $0.73 and a 12 month high of $6.19. The stock has a market capitalization of $9.14 million, a P/E ratio of 0.97 and a beta of -0.21. The business has a 50 day simple moving average of $1.70 and a 200-day simple moving average of $1.88.
About MV Oil Trust
MV Oil Trust is an exchange-listed royalty trust that holds overriding royalty and net profits interests in oil and gas properties across the United States. As a non-operating entity, the trust does not engage in exploration or development; instead, it collects a share of production revenues after operating expenses are deducted.
The trust’s interests are primarily concentrated in onshore hydrocarbon fields in West Texas, providing unitholders with exposure to established production streams.
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