Marine Petroleum Trust (MARPS) to Issue Quarterly Dividend of $0.08 on March 28th

Marine Petroleum Trust (NASDAQ:MARPS) declared a quarterly dividend on Wednesday, February 19th, Wall Street Journal reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.0771 per share by the energy company on Friday, March 28th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 7.65%. The ex-dividend date of this dividend is Friday, February 28th.

Marine Petroleum Trust has increased its dividend by an average of 43.6% per year over the last three years.

Marine Petroleum Trust Price Performance

Shares of NASDAQ:MARPS opened at $4.03 on Friday. The stock has a market cap of $8.06 million, a P/E ratio of 13.00 and a beta of 0.26. Marine Petroleum Trust has a 1-year low of $3.76 and a 1-year high of $6.50. The firm has a fifty day moving average price of $4.05 and a 200 day moving average price of $4.03.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its quarterly earnings data on Thursday, February 13th. The energy company reported $0.04 earnings per share for the quarter. The company had revenue of $170 billion during the quarter. Marine Petroleum Trust had a return on equity of 63.85% and a net margin of 63.53%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Marine Petroleum Trust in a research report on Monday. They issued a “hold” rating for the company.

About Marine Petroleum Trust

Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. It has overriding royalty interest in oil and natural gas leases in the Central and Western areas of the Gulf of Mexico off the coasts of Louisiana and Texas. Marine Petroleum Trust was founded in 1956 and is based in Dallas, Texas.