Mesa Royalty Trust (NYSE:MTR) Plans $0.00 Monthly Dividend

Mesa Royalty Trust (NYSE:MTR) declared a monthly dividend on Friday, July 19th, Wall Street Journal reports. Shareholders of record on Wednesday, July 31st will be paid a dividend of 0.0018 per share by the energy company on Thursday, October 31st. This represents a $0.02 annualized dividend and a yield of 0.26%. The ex-dividend date is Wednesday, July 31st.

Mesa Royalty Trust has raised its dividend by an average of 72.0% annually over the last three years.

Mesa Royalty Trust Price Performance

Shares of Mesa Royalty Trust stock opened at $8.25 on Tuesday. Mesa Royalty Trust has a 1 year low of $7.70 and a 1 year high of $23.55. The firm has a market cap of $15.35 million, a price-to-earnings ratio of 6.82 and a beta of 0.63. The company has a 50-day moving average of $8.60 and a 200 day moving average of $9.60.

Mesa Royalty Trust (NYSE:MTR) last released its earnings results on Wednesday, May 15th. The energy company reported $0.07 earnings per share (EPS) for the quarter. Mesa Royalty Trust had a net margin of 86.07% and a return on equity of 75.36%. The firm had revenue of $0.18 million during the quarter.

About Mesa Royalty Trust

Mesa Royalty Trust owns overriding royalty interests in various oil and gas producing properties in the United States. It holds interests in properties located in the Hugoton field of Kansas; and the San Juan Basin field of Northwestern New Mexico and Southwestern Colorado. The company was founded in 1979 and is based in Houston, Texas.