Mesa Royalty Trust (NYSE:MTR) Receiving Somewhat Positive Press Coverage, Report Finds
News articles about Mesa Royalty Trust (NYSE:MTR) have trended somewhat positive on Wednesday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mesa Royalty Trust earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news stories about the energy company an impact score of 45.1948560084453 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Mesa Royalty Trust (MTR) opened at 12.25 on Wednesday. The stock has a market cap of $22.82 million, a price-to-earnings ratio of 11.84 and a beta of 0.87. Mesa Royalty Trust has a 1-year low of $8.12 and a 1-year high of $16.70. The company has a 50-day moving average price of $12.00 and a 200-day moving average price of $12.84.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, July 31st will be paid a dividend of $0.116 per share. This represents a $1.39 dividend on an annualized basis and a dividend yield of 11.37%. The ex-dividend date is Thursday, July 27th. This is a positive change from Mesa Royalty Trust’s previous monthly dividend of $0.10. Mesa Royalty Trust’s dividend payout ratio (DPR) is currently 133.65%.
Separately, TheStreet upgraded Mesa Royalty Trust from a “c” rating to a “b” rating in a report on Wednesday, May 31st.
About Mesa Royalty Trust
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