Marine Petroleum Trust (MARPS) to Issue Quarterly Dividend of $0.10 on March 30th

Marine Petroleum Trust (NASDAQ:MARPS) announced a quarterly dividend on Wednesday, February 11th. Investors of record on Friday, February 27th will be given a dividend of 0.1016 per share by the energy company on Monday, March 30th. This represents a c) annualized dividend and a yield of 8.9%. The ex-dividend date is Friday, February 27th. This is a 106.8% increase from Marine Petroleum Trust’s previous quarterly dividend of $0.05.

Marine Petroleum Trust has increased its dividend payment by an average of 0.1%annually over the last three years.

Marine Petroleum Trust Stock Up 0.9%

MARPS traded up $0.04 during trading on Wednesday, hitting $4.54. 8,154 shares of the company’s stock were exchanged, compared to its average volume of 46,274. Marine Petroleum Trust has a fifty-two week low of $3.34 and a fifty-two week high of $7.90. The stock has a market cap of $9.08 million, a P/E ratio of 12.33 and a beta of 0.40. The business’s 50 day moving average is $4.48 and its two-hundred day moving average is $4.52.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its quarterly earnings results on Thursday, February 12th. The energy company reported $0.10 earnings per share for the quarter. The business had revenue of $0.27 million for the quarter. Marine Petroleum Trust had a net margin of 68.98% and a return on equity of 77.05%.

About Marine Petroleum Trust

Marine Petroleum Trust is a royalty trust that holds overriding royalty interests in petroleum and natural gas production assets on Alaska’s North Slope. Established in 1998, the trust’s primary asset is its net profits interest in the Nikaitchuq Unit, a large oil field operated under state and federal leases. Rather than engaging in exploration or production itself, Marine Petroleum Trust receives income in the form of royalties and net profits from production activities carried out by the unit operator.

The trust’s revenues are generated solely by hydrocarbons extracted from the Nikaitchuq field, with crude oil transported via the Trans-Alaska Pipeline System.