Marine Petroleum Trust (NASDAQ:MARPS) Plans $0.10 Quarterly Dividend

Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) announced a quarterly dividend on Friday, August 21st. Stockholders of record on Monday, August 31st will be paid a dividend of 0.0954 per share by the energy company on Monday, September 28th. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Monday, August 31st.

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

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Marine Petroleum Trust Price Performance

Shares of MARPS stock opened at $4.88 on Friday. The stock’s fifty day moving average price is $4.70 and its 200 day moving average price is $4.89. Marine Petroleum Trust has a 1-year low of $4.05 and a 1-year high of $6.49. The company has a market cap of $9.76 million, a price-to-earnings ratio of 15.25 and a beta of 0.39.

Institutional Investors Weigh In On Marine Petroleum Trust

A hedge fund recently bought a new position in Marine Petroleum Trust stock. Welch Group LLC purchased a new position in shares of Marine Petroleum Trust (NASDAQ:MARPS – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,956 shares of the energy company’s stock, valued at approximately $85,000. Welch Group LLC owned approximately 0.80% of Marine Petroleum Trust as of its most recent filing with the Securities and Exchange Commission (SEC). 1.76% of the stock is currently owned by institutional investors.

Marine Petroleum Trust Company Profile

(Get Free Report)

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.

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