MV Oil Trust (NYSE:MVO) to Issue Quarterly Dividend of $0.43

MV Oil Trust (NYSE:MVO – Get Rating) declared a quarterly dividend on Wednesday, April 6th, Wall Street Journal reports. Investors of record on Monday, April 18th will be paid a dividend of 0.425 per share by the oil and gas producer on Monday, April 25th. This represents a $1.70 dividend on an annualized basis and a yield of 14.94%. The ex-dividend date of this dividend is Thursday, April 14th. This is a positive change from MV Oil Trust’s previous quarterly dividend of $0.41.

Shares of NYSE:MVO opened at $11.38 on Tuesday. The stock’s fifty day simple moving average is $10.93 and its two-hundred day simple moving average is $9.46. MV Oil Trust has a 1-year low of $4.68 and a 1-year high of $15.14.

A hedge fund recently bought a new stake in MV Oil Trust stock. Citadel Advisors LLC acquired a new stake in MV Oil Trust (NYSE:MVO – Get Rating) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 15,534 shares of the oil and gas producer’s stock, valued at approximately $135,000. Citadel Advisors LLC owned about 0.14% of MV Oil Trust as of its most recent filing with the Securities & Exchange Commission.

Separately, StockNews.com initiated coverage on MV Oil Trust in a research note on Thursday, March 31st. They issued a “buy” rating on the stock.

About MV Oil Trust (Get Rating)

MV Oil Trust is a close-ended investment trust. It engages in acquiring and holding a term net profits interest for the benefit of the trust unitholders. The company was founded on August 3, 2006 and is headquartered in Houston, TX.

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