Marine Petroleum Trust (MARPS) To Go Ex-Dividend on November 29th

Marine Petroleum Trust (NASDAQ:MARPS) announced a quarterly dividend on Monday, November 18th,Wall Street Journal reports. Investors of record on Friday, November 29th will be given a dividend of 0.1029 per share by the energy company on Monday, December 30th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 10.37%. The ex-dividend date is Friday, November 29th. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.09.

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

Marine Petroleum Trust Stock Performance

Marine Petroleum Trust stock opened at $3.97 on Wednesday. Marine Petroleum Trust has a 1 year low of $3.77 and a 1 year high of $6.50. The firm’s 50 day moving average price is $4.07 and its two-hundred day moving average price is $4.03. The firm has a market cap of $8.11 million, a price-to-earnings ratio of 10.73 and a beta of 0.24.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its earnings results on Monday, September 30th. The energy company reported $0.09 EPS for the quarter. Marine Petroleum Trust had a return on equity of 74.22% and a net margin of 68.94%. The business had revenue of $0.23 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Marine Petroleum Trust in a research note on Thursday, November 21st. They set a “hold” rating on the stock.

Marine Petroleum Trust Company Profile

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.