VOC Energy Trust (NYSE:VOC) Raises Dividend to $0.28 Per Share

VOC Energy Trust (NYSE:VOC – Get Free Report) announced a quarterly dividend on Monday, July 20th. Investors of record on Thursday, July 30th will be given a dividend of 0.28 per share by the oil and gas producer on Friday, August 14th. This represents a c) annualized dividend and a yield of 35.1%. The ex-dividend date of this dividend is Thursday, July 30th. This is a 194.7% increase from VOC Energy Trust’s previous quarterly dividend of $0.10.

VOC Energy Trust has raised its dividend by an average of 0.1%annually over the last three years.

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VOC Energy Trust Stock Up 1.4%

NYSE:VOC opened at $3.19 on Tuesday. The firm’s fifty day simple moving average is $2.98 and its 200 day simple moving average is $3.13. The stock has a market cap of $54.31 million, a P/E ratio of 7.26 and a beta of 0.13. VOC Energy Trust has a twelve month low of $2.60 and a twelve month high of $3.84.

VOC Energy Trust (NYSE:VOC – Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The oil and gas producer reported $0.09 EPS for the quarter. VOC Energy Trust had a net margin of 90.03% and a return on equity of 71.27%. The business had revenue of $1.59 million during the quarter.

About VOC Energy Trust

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VOC Energy Trust is a Canada-based unincorporated, open-ended royalty trust focused on upstream oil and gas interests. Headquartered in Calgary, Alberta, the trust holds non-operated royalty and net profit interests in conventional petroleum and natural gas properties. VOC’s structure allows it to collect a percentage of production revenues without directly managing exploration or drilling activities.

The trust’s asset portfolio is concentrated in the Western Canadian Sedimentary Basin, with producing properties across Alberta, Saskatchewan and British Columbia.

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