MV Oil Trust Plans Quarterly Dividend of $0.24 (NYSE:MVO)

MV Oil Trust (NYSE:MVO) announced a quarterly dividend on Tuesday, January 7th,Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 11.48%. The ex-dividend date of this dividend is Thursday, January 16th.

MV Oil Trust has increased its dividend payment by an average of 15.9% annually over the last three years.

MV Oil Trust Stock Performance

Shares of NYSE MVO traded down $0.04 during trading on Tuesday, hitting $8.36. 87,437 shares of the company traded hands, compared to its average volume of 78,370. The firm 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 $8.59 and its 200 day moving average is $9.06. MV Oil Trust has a fifty-two week low of $7.41 and a fifty-two week high of $12.73.

MV Oil Trust (NYSE:MVO) last posted its quarterly earnings results on Thursday, November 7th. The oil and gas producer reported $0.41 earnings per share for the quarter. The firm had revenue of $4.95 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of MV Oil Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, October 1st.

About MV Oil Trust

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.