MV Oil Trust (NYSE:MVO) declared a quarterly dividend on Friday, January 4th, Fidelity reports. Stockholders of record on Tuesday, January 15th will be given a dividend of 0.315 per share by the oil and gas producer on Friday, January 25th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 15.91%. The ex-dividend date of this dividend is Monday, January 14th.
MV Oil Trust has increased its dividend payment by an average of 3.7% annually over the last three years and has increased its dividend annually for the last 2 consecutive years.
MVO stock traded up $0.17 during trading on Wednesday, hitting $7.92. 27,438 shares of the stock traded hands, compared to its average volume of 57,800. MV Oil Trust has a one year low of $5.56 and a one year high of $12.63. The company has a market capitalization of $88.44 million, a P/E ratio of 6.75 and a beta of 0.48.
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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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