Marine Petroleum Trust (MARPS) To Go Ex-Dividend on August 31st

Marine Petroleum Trust (NASDAQ:MARPS) announced a quarterly dividend on Wednesday, August 12th. Shareholders of record on Monday, August 31st will be paid a dividend of 0.0954 per share by the energy company on Monday, September 28th. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date is Monday, August 31st.

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

Marine Petroleum Trust Stock Performance

MARPS stock opened at $4.36 on Friday. Marine Petroleum Trust has a fifty-two week low of $4.05 and a fifty-two week high of $6.49. The company has a market capitalization of $8.72 million, a price-to-earnings ratio of 13.63 and a beta of 0.39. The business’s 50 day moving average price is $4.74 and its two-hundred day moving average price is $4.89.

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.