MV Oil Trust (NYSE:MVO) declared a quarterly dividend on Friday, July 5th, Fidelity reports. Shareholders of record on Monday, July 15th will be given a dividend of 0.305 per share by the oil and gas producer on Thursday, July 25th. This represents a $1.22 annualized dividend and a yield of 15.48%. The ex-dividend date is Friday, July 12th.
MV Oil Trust has increased its dividend by an average of 3.7% annually over the last three years and has raised its dividend annually for the last 2 consecutive years.
NYSE MVO opened at $7.88 on Friday. MV Oil Trust has a twelve month low of $5.56 and a twelve month high of $12.63. The stock has a market cap of $90.62 million, a PE ratio of 5.15 and a beta of 0.60. The business’s 50 day moving average price is $7.85.
MV Oil Trust (NYSE:MVO) last posted its quarterly earnings data on Thursday, May 9th. The oil and gas producer reported $0.32 earnings per share for the quarter. The firm had revenue of $3.82 million for the quarter.
About MV Oil Trust
MV Oil Trust acquires and holds net profits interests in the oil and natural gas properties of MV Partners, LLC. Its properties include approximately 900 producing oil and gas wells located in the Mid-Continent region in the states of Kansas and Colorado. The company was founded in 2006 and is based in Houston, Texas.
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