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

MV Oil Trust (NYSE:MVO) announced a quarterly dividend on Tuesday, January 7th,Wall Street Journal reports. Shareholders of record on Thursday, January 16th will be given 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 yield of 11.48%. The ex-dividend date is Thursday, January 16th.

MV Oil Trust has raised its dividend payment by an average of 15.9% per year over the last three years.

MV Oil Trust Stock Down 0.5 %

NYSE:MVO traded down $0.04 during trading hours on Tuesday, hitting $8.36. 87,437 shares of the stock were exchanged, compared to its average volume of 78,370. The company has a market capitalization of $96.14 million, a P/E ratio of 5.26 and a beta of 0.78. The company’s 50 day moving average is $8.59 and its two-hundred day moving average is $9.06. MV Oil Trust has a twelve month low of $7.41 and a twelve month 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 business had revenue of $4.95 million for the quarter.

Analyst Upgrades and Downgrades

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

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.