Mesa Royalty Trust (NYSE:MTR – Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.60 and traded as high as $6.91. Mesa Royalty Trust shares last traded at $6.82, with a volume of 3,461 shares changing hands.
Mesa Royalty Trust Stock Performance
The company has a market cap of $12.68 million, a price-to-earnings ratio of 14.50 and a beta of 0.68. The company has a fifty day moving average of $6.60 and a two-hundred day moving average of $6.57.
Mesa Royalty Trust Cuts Dividend
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, January 31st will be issued a dividend of $0.0005 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.09%. The ex-dividend date is Friday, January 31st. Mesa Royalty Trust’s dividend payout ratio (DPR) is 2.13%.
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.
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