MV Oil Trust (NYSE:MVO) Increases Dividend to $0.28 Per Share

MV Oil Trust (NYSE:MVO - Get Free Report) announced a quarterly dividend on Monday, April 7th, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.275 per share by the oil and gas producer on Friday, April 25th. This represents a $1.10 dividend on an annualized basis and a yield of 17.71%. The ex-dividend date of this dividend is Tuesday, April 15th. This is a 14.6% increase from MV Oil Trust's previous quarterly dividend of $0.24.

MV Oil Trust has increased its dividend by an average of 0.6% per year over the last three years.

MV Oil Trust Stock Up 8.2 %

NYSE:MVO traded up $0.47 on Friday, hitting $6.21. The stock had a trading volume of 244,896 shares, compared to its average volume of 75,334. The business's 50-day simple moving average is $5.45 and its two-hundred day simple moving average is $7.44. The stock has a market cap of $71.42 million, a price-to-earnings ratio of 3.91 and a beta of 0.22. MV Oil Trust has a 52-week low of $4.63 and a 52-week high of $10.31.

MV Oil Trust (NYSE:MVO - Get Free Report) last announced its earnings results on Thursday, March 20th. The oil and gas producer reported $1.02 earnings per share (EPS) for the quarter. The business had revenue of $12.68 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com cut MV Oil Trust from a "buy" rating to a "hold" rating in a report on Wednesday, March 12th.

MV Oil Trust Company Profile

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.