MV Oil Trust (NYSE:MVO) Declares $0.24 Quarterly Dividend

MV Oil Trust (NYSE:MVO) announced a quarterly dividend on Monday, January 6th,Wall Street Journal reports. Investors of record on Thursday, January 16th will be paid a dividend of 0.24 per share by the oil and gas producer on Friday, January 24th. This represents a $0.96 annualized dividend and a yield of 11.48%. The ex-dividend date is Thursday, January 16th.

MV Oil Trust has raised its dividend payment by an average of 15.9% per year over the last three years.

MV Oil Trust Trading Down 0.5 %

Shares of NYSE MVO traded down $0.04 during mid-day trading on Tuesday, hitting $8.36. The company had a trading volume of 87,437 shares, compared to its average volume of 80,009. The company has a market capitalization of $96.14 million, a price-to-earnings ratio of 5.26 and a beta of 0.78. The stock’s 50-day moving average price is $8.59 and its 200-day moving average price is $9.06. MV Oil Trust has a 1 year low of $7.41 and a 1 year high of $12.73.

MV Oil Trust (NYSE:MVO) last posted its earnings results on Thursday, November 7th. The oil and gas producer reported $0.41 earnings per share for the quarter. The firm had revenue of $4.95 million for the quarter.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of MV Oil Trust from a “hold” rating to a “buy” rating in a report on Tuesday, October 1st.

About MV Oil Trust

MV Oil Trust acquires and holds term net profits interests in the oil and natural gas properties of MV Partners, LLC. Its properties wells located in the Mid-Continent region in the states of Kansas and Colorado. MV Oil Trust was incorporated in 2006 and is based in Houston, Texas.