MV Oil Trust (MVO) to Issue Quarterly Dividend of $0.24 on January 24th

MV Oil Trust (NYSE:MVO) announced a quarterly dividend on Monday, January 6th,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 11.28%. The ex-dividend date is Thursday, January 16th.

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

MV Oil Trust Stock Up 0.7 %

MV Oil Trust stock opened at $8.51 on Tuesday. The company’s 50-day moving average price is $8.54 and its 200-day moving average price is $9.03. MV Oil Trust has a twelve month low of $7.41 and a twelve month high of $12.25. The company has a market cap of $97.87 million, a PE ratio of 5.35 and a beta of 0.78.

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 business had revenue of $4.95 million during the quarter.

Analyst Ratings Changes

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

MV Oil Trust Company Profile

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.