MV Oil Trust (NYSE:MVO - Get Free Report) announced a quarterly dividend on Monday, January 6th,Wall Street Journal reports. Investors of record on Thursday, January 16th will be paid a dividend of 0.24 per share by the oil and gas producer on Friday, January 24th. This represents a $0.96 dividend on an annualized basis and a yield of 11.48%. The ex-dividend date of this dividend is Thursday, January 16th.
MV Oil Trust has increased its dividend by an average of 15.9% per year over the last three years.
MV Oil Trust Price Performance
MVO stock traded down $0.04 on Tuesday, hitting $8.36. 87,437 shares of the company were exchanged, compared to its average volume of 80,009. The stock has a market capitalization of $96.14 million, a price-to-earnings ratio of 5.26 and a beta of 0.78. The business's fifty day moving average is $8.57 and its two-hundred day moving average is $9.05. MV Oil Trust has a twelve month low of $7.41 and a twelve month high of $12.73.
MV Oil Trust (NYSE:MVO - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter. The firm had revenue of $4.95 million for the quarter.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of MV Oil Trust from a "hold" rating to a "buy" rating in a report on Tuesday, October 1st.
Check Out Our Latest Research Report on MVO
About MV Oil Trust
(
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MV Oil Trust acquires and holds term net profits interests in the oil and natural gas properties of MV Partners, LLC. Its properties wells located in the Mid-Continent region in the states of Kansas and Colorado. MV Oil Trust was incorporated in 2006 and is based in Houston, Texas.
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