Marine Petroleum Trust Announces Quarterly Dividend of $0.08 (NASDAQ:MARPS)

Marine Petroleum Trust (NASDAQ:MARPS) announced a quarterly dividend on Wednesday, February 19th,Wall Street Journal reports. Investors of record on Friday, February 28th will be given a dividend of 0.0771 per share by the energy company on Friday, March 28th. This represents a $0.31 annualized dividend and a yield of 7.52%. The ex-dividend date of this dividend is Friday, February 28th.

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

Marine Petroleum Trust Price Performance

NASDAQ:MARPS traded up $0.03 during trading hours on Wednesday, hitting $4.10. The company’s stock had a trading volume of 13,854 shares, compared to its average volume of 16,080. The stock has a fifty day simple moving average of $4.04 and a 200-day simple moving average of $4.03. The company has a market capitalization of $8.20 million, a P/E ratio of 13.22 and a beta of 0.26. Marine Petroleum Trust has a twelve month low of $3.76 and a twelve month high of $6.50.

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

Wall Street Analyst Weigh In

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

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.