Marine Petroleum Trust (NASDAQ:MARPS – Get Rating) announced a quarterly dividend on Friday, May 20th, Zacks reports. Stockholders of record on Tuesday, May 31st will be given a dividend of 0.198 per share by the energy company on Tuesday, June 28th. This represents a $0.79 annualized dividend and a dividend yield of 11.05%. The ex-dividend date of this dividend is Friday, May 27th. This is an increase from Marine Petroleum Trust’s previous quarterly dividend of $0.11.
Marine Petroleum Trust has decreased its dividend payment by an average of 15.0% annually over the last three years and has increased its dividend annually for the last 2 consecutive years.
MARPS opened at $7.17 on Friday. The firm’s 50-day simple moving average is $9.06 and its 200-day simple moving average is $6.54. Marine Petroleum Trust has a twelve month low of $3.75 and a twelve month high of $32.00.
Separately, StockNews.com started coverage on shares of Marine Petroleum Trust in a report on Monday, April 11th. They issued a “hold” rating on the stock.
Marine Petroleum Trust Company Profile (Get Rating)
Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. As of June 30, 2021, the company had an overriding royalty interest in 55 oil and natural gas leases covering approximately 199,868 gross acres located in the Central and Western areas of the Gulf of Mexico off the coasts of Louisiana and Texas.
- Get a free copy of the StockNews.com research report on Marine Petroleum Trust (MARPS)
- MarketBeat: Week in Review 5/16 – 5/20
- 3 Retailers That Defied First Quarter Headwinds
- Will John Deere’s Earnings Help to Calm the Markets?
- Rapid7: Could Be Profitable in FY 2022 Despite Bear Market
- Lowe’s Companies Has Not Bottomed
Receive News & Ratings for Marine Petroleum Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marine Petroleum Trust and related companies with MarketBeat.com's FREE daily email newsletter.