MV Oil Trust (NYSE:mvo) announced a quarterly dividend on Tuesday, October 4th. Investors of record on Friday, October 14th will be paid a dividend of 0.16 per share on Tuesday, October 25th. This represents a $0.64 annualized dividend and a yield of 9.98%. The ex-dividend date of this dividend is Wednesday, October 12th. This is a boost from MV Oil Trust’s previous quarterly dividend of $0.11.

Shares of MV Oil Trust (NYSE:MVO) opened at 6.38 on Friday. The stock has a market cap of $73.37 million, a price-to-earnings ratio of 11.81 and a beta of 0.38. MV Oil Trust has a one year low of $3.26 and a one year high of $7.50. The company has a 50-day moving average price of $5.84 and a 200 day moving average price of $5.59.

About MV Oil Trust

MV Oil Trust (the Trust) is a statutory trust. The Trust acquires and holds a term net profits interest for the benefit of the Trust unitholders. Its underlying properties consist of MV Partners, LLC’s (MV Partners) net interests in all of its oil and natural gas properties, which are located in the Mid-Continent region in the States of Kansas and Colorado.

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