Marine Petroleum Trust (NASDAQ:MARPS) Plans Quarterly Dividend of $0.08

Marine Petroleum Trust (NASDAQ:MARPS) announced a quarterly dividend on Wednesday, February 19th,Wall Street Journal reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.0771 per share by the energy company on Friday, March 28th. This represents a $0.31 annualized dividend and a dividend yield of 7.43%. The ex-dividend date is Friday, February 28th.

Marine Petroleum Trust has increased its dividend by an average of 43.6% annually over the last three years.

Marine Petroleum Trust Stock Up 2.0 %

Shares of MARPS stock opened at $4.15 on Thursday. The stock has a 50-day simple moving average of $4.05 and a 200 day simple moving average of $4.03. The stock has a market capitalization of $8.30 million, a P/E ratio of 13.39 and a beta of 0.26. Marine Petroleum Trust has a fifty-two week low of $3.76 and a fifty-two week high of $6.50.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its quarterly earnings data on Thursday, February 13th. The energy company reported $0.04 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a net margin of 63.53% and a return on equity of 63.85%. The company had revenue of $170 billion for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Marine Petroleum Trust in a research report on Monday. They set a “hold” rating for the company.

About Marine Petroleum Trust

Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. It has overriding royalty interest in oil and natural gas leases in the Central and Western areas of the Gulf of Mexico off the coasts of Louisiana and Texas. Marine Petroleum Trust was founded in 1956 and is based in Dallas, Texas.