MV Oil Trust (NYSE:MVO) Increases Dividend to $0.28 Per Share

MV Oil Trust (NYSE:MVO) declared a quarterly dividend on Monday, April 7th, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.275 per share by the oil and gas producer on Friday, April 25th. This represents a $1.10 annualized dividend and a dividend yield of 19.68%. The ex-dividend date of this dividend is Tuesday, April 15th. This is a 14.6% increase from MV Oil Trust’s previous quarterly dividend of $0.24.

MV Oil Trust has increased its dividend payment by an average of 0.6% annually over the last three years.

MV Oil Trust Stock Up 6.9 %

NYSE MVO traded up $0.36 during trading on Monday, reaching $5.59. 215,430 shares of the stock traded hands, compared to its average volume of 74,287. The stock’s 50-day moving average price is $5.45 and its 200 day moving average price is $7.60. The firm has a market cap of $64.29 million, a price-to-earnings ratio of 3.52 and a beta of 0.22. MV Oil Trust has a fifty-two week low of $4.63 and a fifty-two week high of $11.39.

MV Oil Trust (NYSE:MVO) last released its quarterly earnings data on Thursday, March 20th. The oil and gas producer reported $1.02 EPS for the quarter. The firm had revenue of $12.68 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com cut MV Oil Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th.

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.