Marine Petroleum Trust (MARPS) To Go Ex-Dividend on February 27th

Marine Petroleum Trust (NASDAQ:MARPS) announced a quarterly dividend on Tuesday, February 17th. Investors of record on Friday, February 27th will be paid a dividend of 0.1016 per share by the energy company on Monday, March 30th. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date is Friday, February 27th. This is a 106.8% increase from Marine Petroleum Trust’s previous quarterly dividend of $0.05.

Marine Petroleum Trust has raised its dividend payment by an average of 0.1%per year over the last three years.

Marine Petroleum Trust Price Performance

NASDAQ MARPS opened at $4.84 on Thursday. The company’s 50 day simple moving average is $4.46 and its two-hundred day simple moving average is $4.52. The stock has a market capitalization of $9.68 million, a PE ratio of 13.08 and a beta of 0.40. Marine Petroleum Trust has a 1 year low of $3.34 and a 1 year high of $7.90.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its quarterly earnings results on Thursday, February 12th. The energy company reported $0.10 EPS for the quarter. The company had revenue of $0.27 million during the quarter. Marine Petroleum Trust had a net margin of 68.98% and a return on equity of 77.05%.

Institutional Trading of Marine Petroleum Trust

An institutional investor recently bought a new position in Marine Petroleum Trust stock. Azzad Asset Management Inc. ADV bought a new stake in shares of Marine Petroleum Trust (NASDAQ:MARPS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 24,600 shares of the energy company’s stock, valued at approximately $102,000. Azzad Asset Management Inc. ADV owned approximately 1.23% of Marine Petroleum Trust at the end of the most recent quarter. Institutional investors and hedge funds own 1.76% of the company’s stock.

About Marine Petroleum Trust

Marine Petroleum Trust is a royalty trust that holds overriding royalty interests in petroleum and natural gas production assets on Alaska’s North Slope. Established in 1998, the trust’s primary asset is its net profits interest in the Nikaitchuq Unit, a large oil field operated under state and federal leases. Rather than engaging in exploration or production itself, Marine Petroleum Trust receives income in the form of royalties and net profits from production activities carried out by the unit operator.

The trust’s revenues are generated solely by hydrocarbons extracted from the Nikaitchuq field, with crude oil transported via the Trans-Alaska Pipeline System.