VOC Energy Trust (NYSE:VOC) to Issue $0.09 Quarterly Dividend

VOC Energy Trust (NYSE:VOC) declared a quarterly dividend on Tuesday, January 21st,Wall Street Journal reports. Shareholders of record on Thursday, January 30th will be given a dividend of 0.085 per share by the oil and gas producer on Thursday, February 13th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 7.91%. The ex-dividend date is Thursday, January 30th.

VOC Energy Trust Stock Performance

Shares of VOC Energy Trust stock traded down $0.79 during midday trading on Tuesday, hitting $4.30. The company had a trading volume of 321,650 shares, compared to its average volume of 71,541. The stock has a market capitalization of $73.10 million, a P/E ratio of 5.51 and a beta of 0.87. The company has a 50 day moving average of $4.91 and a 200 day moving average of $4.98. VOC Energy Trust has a 52-week low of $4.26 and a 52-week high of $7.49.

VOC Energy Trust (NYSE:VOC) last released its quarterly earnings results on Thursday, November 7th. The oil and gas producer reported $0.18 earnings per share for the quarter. The firm had revenue of $3.40 million for the quarter. VOC Energy Trust had a return on equity of 102.62% and a net margin of 90.84%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut VOC Energy Trust from a “buy” rating to a “hold” rating in a report on Thursday, December 26th.

About VOC Energy Trust

VOC Energy Trust acquires and holds a term net profits interest of the net proceeds from production and sale of the interests in oil and natural gas properties in the states of Kansas and Texas. The company has an 80% term net profits interest of the net proceeds on the underlying properties. As of December 31, 2021, its underlying properties had interests in 452.5 net producing wells and 51,147.2 net acres.