MV Oil Trust (NYSE:MVO) Announces Quarterly Dividend of $0.14

MV Oil Trust (NYSE:MVO) announced a quarterly dividend on Tuesday, January 6th. Shareholders of record on Friday, January 16th will be paid a dividend of 0.14 per share by the oil and gas producer on Friday, January 23rd. This represents a c) annualized dividend and a yield of 41.9%. The ex-dividend date of this dividend is Friday, January 16th.

MV Oil Trust has increased its dividend by an average of 0.1%annually over the last three years.

MV Oil Trust Trading Up 5.1%

Shares of NYSE MVO opened at $1.34 on Wednesday. MV Oil Trust has a twelve month low of $0.97 and a twelve month high of $8.87. The firm has a 50-day moving average of $2.10 and a two-hundred day moving average of $4.50. The company has a market capitalization of $15.35 million, a price-to-earnings ratio of 1.28 and a beta of -0.13.

MV Oil Trust (NYSE:MVO) last announced its quarterly earnings data on Monday, November 10th. The oil and gas producer reported $0.19 earnings per share (EPS) for the quarter. The business had revenue of $2.36 million during the quarter.

MV Oil Trust Company Profile

MV Oil Trust is an exchange-listed royalty trust that holds overriding royalty and net profits interests in oil and gas properties across the United States. As a non-operating entity, the trust does not engage in exploration or development; instead, it collects a share of production revenues after operating expenses are deducted.

The trust’s interests are primarily concentrated in onshore hydrocarbon fields in West Texas, providing unitholders with exposure to established production streams.