MV Oil Trust (mvo) Plans Dividend Increase – $0.16 Per Share
MV Oil Trust (NYSE:mvo) declared a quarterly dividend on Tuesday, October 4th. Shareholders of record on Friday, October 14th will be given a dividend of 0.16 per share on Tuesday, October 25th. This represents a $0.64 dividend on an annualized basis and a yield of 11.04%. The ex-dividend date is Wednesday, October 12th. This is a positive change from MV Oil Trust’s previous quarterly dividend of $0.11.
Shares of MV Oil Trust (NYSE:MVO) opened at 5.89 on Wednesday. MV Oil Trust has a 1-year low of $3.26 and a 1-year high of $7.50. The stock has a 50 day moving average price of $5.83 and a 200-day moving average price of $5.59. The stock has a market capitalization of $67.74 million, a PE ratio of 10.91 and a beta of 0.38.
About MV Oil Trust
MV Oil Trust (the Trust) is a statutory trust. The Trust acquires and holds a term net profits interest for the benefit of the Trust unitholders. Its underlying properties consist of MV Partners, LLC’s (MV Partners) net interests in all of its oil and natural gas properties, which are located in the Mid-Continent region in the States of Kansas and Colorado.
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