Mesa Royalty Trust Plans Monthly Dividend of $0.00 (NYSE:MTR)

Mesa Royalty Trust (NYSE:MTR) declared a monthly dividend on Tuesday, January 20th. Stockholders of record on Friday, January 30th will be paid a dividend of 0.0015 per share by the energy company on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, January 30th.

Mesa Royalty Trust has decreased its dividend payment by an average of 0.3%per year over the last three years and has raised its dividend annually for the last 1 consecutive years.

Mesa Royalty Trust Stock Down 0.8%

MTR traded down $0.04 during trading hours on Wednesday, hitting $4.31. The stock had a trading volume of 5,105 shares, compared to its average volume of 12,267. Mesa Royalty Trust has a 1 year low of $4.03 and a 1 year high of $10.42. The company’s fifty day simple moving average is $4.50 and its 200 day simple moving average is $5.07. The stock has a market cap of $8.01 million, a PE ratio of 18.72 and a beta of 0.45.

Mesa Royalty Trust (NYSE:MTR) last posted its earnings results on Thursday, November 13th. The energy company reported $0.05 earnings per share for the quarter. The firm had revenue of $0.13 million during the quarter. Mesa Royalty Trust had a net margin of 76.84% and a return on equity of 13.63%.

About Mesa Royalty Trust

Mesa Royalty Trust (NYSE: MTR) is a statutory trust that holds overriding royalty interests in oil and natural gas properties primarily located in the Permian Basin of Texas and New Mexico. Established in 1981 by Mesa Production Oil & Gas, Inc, the trust’s portfolio comprises interests in thousands of producing wells across key producing areas, including the Midland, Delaware and Central Basin platforms. These interests provide the trust with net revenue rights to a portion of the hydrocarbons produced from the underlying formations.

The trust’s core business activity is the collection and distribution of royalty income derived from the sale of crude oil, natural gas and natural gas liquids (NGLs).