MV Oil Trust (NYSE:MVO) declared a quarterly dividend on Friday, January 3rd, Zacks reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.19 per share by the oil and gas producer on Friday, January 24th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 11.89%. The ex-dividend date is Tuesday, January 14th.
MV Oil Trust has increased its dividend payment by an average of 29.1% annually over the last three years and has raised its dividend annually for the last 2 consecutive years.
Shares of MV Oil Trust stock traded up $0.02 on Friday, reaching $6.39. 69,499 shares of the company traded hands, compared to its average volume of 33,250. MV Oil Trust has a 52 week low of $4.66 and a 52 week high of $9.10. The company has a 50 day moving average of $6.24 and a 200 day moving average of $6.96. The firm has a market capitalization of $73.25 million, a PE ratio of 5.02 and a beta of 0.60.
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.
Featured Story: How prevalent are 12b-1 fees?
Receive News & Ratings for MV Oil Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MV Oil Trust and related companies with MarketBeat.com's FREE daily email newsletter.