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

MV Oil Trust (NYSE:MVO) declared 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 dividend yield of 11.48%. The ex-dividend date is Thursday, January 16th.

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

MV Oil Trust Trading Down 0.5 %

NYSE:MVO traded down $0.04 during mid-day trading on Tuesday, hitting $8.36. 87,437 shares of the company’s stock traded hands, compared to its average volume of 80,009. MV Oil Trust has a 12 month low of $7.41 and a 12 month high of $12.73. 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 firm has a 50 day moving average of $8.59 and a two-hundred day moving average of $9.06.

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 (EPS) for the quarter. The business had revenue of $4.95 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised 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.