VOC Energy Trust (VOC) To Go Ex-Dividend on October 30th

VOC Energy Trust (NYSE:VOC) announced a quarterly dividend on Tuesday, October 20th. Stockholders of record on Friday, October 30th will be given a dividend of $0.19 per share by the oil and gas producer on Friday, November 13th. This represents a $0.76 annualized dividend and a dividend yield of 21.4%. The ex-dividend date of this dividend is Friday, October 30th. This is a 32.1% decrease from VOC Energy Trust’s previous quarterly dividend of $0.28.

VOC Energy Trust has raised its dividend payment by an average of 0.1% per year over the last three years.

VOC Energy Trust Trading Up 4.4%

NYSE:VOC opened at $3.55 on Thursday. VOC Energy Trust has a 1-year low of $2.63 and a 1-year high of $3.84. The firm has a fifty day simple moving average of $3.37 and a 200 day simple moving average of $3.20. The stock has a market capitalization of $60.35 million, a PE ratio of 8.66 and a beta of 0.18.

VOC Energy Trust (NYSE:VOC) last issued its earnings results on Monday, August 10th. The oil and gas producer reported $0.10 earnings per share for the quarter. VOC Energy Trust had a net margin of 91.51% and a return on equity of 68.92%. The business had revenue of $1.70 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of VOC Energy Trust in a research report on Monday. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, VOC Energy Trust presently has a consensus rating of “Sell”.

About VOC Energy Trust

VOC Energy Trust (NYSE:VOC) is a grantor trust that owns net profits interests in oil and natural gas properties located primarily in Kansas and Texas. The trust does not operate the properties directly; instead, it receives a share of the proceeds generated from the production and sale of oil and natural gas after specified operating and capital expenses.

The trust was established in 2010 in connection with a public offering of trust units. Its underlying assets consist of producing and developed oil and gas properties, with oil representing an important component of production.