Marine Petroleum Trust (NASDAQ:MARPS) Plans $0.05 Quarterly Dividend

Marine Petroleum Trust (NASDAQ:MARPS) declared a quarterly dividend on Monday, November 17th. Investors of record on Friday, November 28th will be given a dividend of 0.0491 per share by the energy company on Monday, December 29th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date is Friday, November 28th.

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

Marine Petroleum Trust Stock Down 1.8%

Shares of MARPS stock traded down $0.08 during mid-day trading on Monday, reaching $4.36. The company’s stock had a trading volume of 4,163 shares, compared to its average volume of 32,054. Marine Petroleum Trust has a 12-month low of $3.34 and a 12-month high of $7.90. The company’s 50 day simple moving average is $4.65 and its 200-day simple moving average is $4.50. The firm has a market capitalization of $8.72 million, a PE ratio of 14.06 and a beta of 0.21.

Marine Petroleum Trust (NASDAQ:MARPS) last posted its earnings results on Thursday, November 13th. The energy company reported $0.07 EPS for the quarter. The business had revenue of $0.22 million for the quarter. Marine Petroleum Trust had a net margin of 64.77% and a return on equity of 67.66%.

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.