Marine Petroleum Trust (MARPS) To Go Ex-Dividend on August 29th
Marine Petroleum Trust (NASDAQ:MARPS) announced a quarterly dividend on Monday, August 21st, NASDAQ reports. Shareholders of record on Thursday, August 31st will be paid a dividend of 0.126 per share by the energy company on Thursday, September 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 13.93%. The ex-dividend date of this dividend is Tuesday, August 29th. This is a boost from Marine Petroleum Trust’s previous quarterly dividend of $0.10.
Shares of Marine Petroleum Trust (NASDAQ MARPS) opened at 3.6175 on Monday. The stock has a market capitalization of $7.24 million, a P/E ratio of 12.2213 and a beta of 1.99. The firm has a 50 day moving average of $3.48 and a 200-day moving average of $3.97. Marine Petroleum Trust has a 12 month low of $2.94 and a 12 month high of $5.49.
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About Marine Petroleum Trust
Marine Petroleum Trust (the Trust) is a royalty trust. The Trust is engaged in the administration and liquidation of rights to payments from certain oil and natural gas leases in the Gulf of Mexico, under license agreements and amendments between the Trust’s predecessors and Chevron Corporation (Chevron) and its assignees.
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