Marine Petroleum Trust (NASDAQ:MARPS) Declares Quarterly Dividend of $0.10

Marine Petroleum Trust (NASDAQ:MARPS) declared a quarterly dividend on Monday, November 18th,Wall Street Journal reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.1029 per share by the energy company on Monday, December 30th. This represents a $0.41 annualized dividend and a yield of 10.37%. The ex-dividend date is Friday, November 29th. This is a boost from Marine Petroleum Trust’s previous quarterly dividend of $0.09.

Marine Petroleum Trust has increased its dividend payment by an average of 43.6% per year over the last three years.

Marine Petroleum Trust Trading Down 2.0 %

Shares of Marine Petroleum Trust stock opened at $3.97 on Wednesday. Marine Petroleum Trust has a 1-year low of $3.77 and a 1-year high of $6.50. The firm has a fifty day simple moving average of $4.07 and a 200-day simple moving average of $4.03. The stock has a market capitalization of $8.11 million, a price-to-earnings ratio of 10.73 and a beta of 0.24.

Marine Petroleum Trust (NASDAQ:MARPS) last released its quarterly earnings results on Monday, September 30th. The energy company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $0.23 million during the quarter. Marine Petroleum Trust had a net margin of 68.94% and a return on equity of 74.22%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Marine Petroleum Trust in a report on Thursday, November 21st. They issued a “hold” rating on the stock.

Marine Petroleum Trust Company Profile

Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. It has overriding royalty interest in oil and natural gas leases in the Central and Western areas of the Gulf of Mexico off the coasts of Louisiana and Texas. Marine Petroleum Trust was founded in 1956 and is based in Dallas, Texas.