MV Oil Trust (NYSE:MVO) to Issue $0.31 Quarterly Dividend

MV Oil Trust (NYSE:MVO) announced a quarterly dividend on Friday, July 5th, Fidelity reports. Investors of record on Monday, July 15th will be given a dividend of 0.305 per share by the oil and gas producer on Thursday, July 25th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 15.48%. The ex-dividend date of this dividend is Friday, July 12th.

MV Oil Trust has raised its dividend by an average of 3.7% annually over the last three years and has increased its dividend every year for the last 2 years.

MV Oil Trust stock opened at $7.88 on Friday. The company has a 50 day simple moving average of $7.85. The stock has a market capitalization of $90.62 million, a P/E ratio of 5.15 and a beta of 0.60. MV Oil Trust has a 1-year low of $5.56 and a 1-year high of $12.63.

MV Oil Trust (NYSE:MVO) last posted its earnings results on Thursday, May 9th. The oil and gas producer reported $0.32 EPS for the quarter. The firm had revenue of $3.82 million for the quarter.

MV Oil Trust Company Profile

MV Oil Trust acquires and holds net profits interests in the oil and natural gas properties of MV Partners, LLC. Its properties include approximately 900 producing oil and gas wells located in the Mid-Continent region in the states of Kansas and Colorado. The company was founded in 2006 and is based in Houston, Texas.

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Dividend History for MV Oil Trust (NYSE:MVO)

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