MV Oil Trust (MVO) To Go Ex-Dividend on April 15th

MV Oil Trust (NYSE:MVO) announced a quarterly dividend on Thursday, April 2nd. Investors of record on Wednesday, April 15th will be given a dividend of 0.17 per share by the oil and gas producer on Friday, April 24th. This represents a c) dividend on an annualized basis and a yield of 21.7%. The ex-dividend date of this dividend is Wednesday, April 15th. This is a 21.4% increase from MV Oil Trust’s previous quarterly dividend of $0.14.

MV Oil Trust has increased its dividend by an average of 0.1%per year over the last three years.

MV Oil Trust Price Performance

NYSE:MVO traded up $0.39 during mid-day trading on Monday, reaching $3.13. The company’s stock had a trading volume of 731,875 shares, compared to its average volume of 564,019. MV Oil Trust has a twelve month low of $0.97 and a twelve month high of $6.40. The stock has a market cap of $36.00 million, a P/E ratio of 3.41 and a beta of -0.19. The company’s fifty day simple moving average is $2.08 and its two-hundred day simple moving average is $2.63.

MV Oil Trust (NYSE:MVO) last released its quarterly earnings results on Tuesday, March 24th. The oil and gas producer reported $0.21 EPS for the quarter. The company had revenue of $2.57 million for the quarter.

About MV Oil Trust

MV Oil Trust is an exchange-listed royalty trust that holds overriding royalty and net profits interests in oil and gas properties across the United States. As a non-operating entity, the trust does not engage in exploration or development; instead, it collects a share of production revenues after operating expenses are deducted.

The trust’s interests are primarily concentrated in onshore hydrocarbon fields in West Texas, providing unitholders with exposure to established production streams.