Mesa Royalty Trust Announces Monthly Dividend of $0.00 (NYSE:MTR)

Mesa Royalty Trust (NYSE:MTR) announced a monthly dividend on Tuesday, January 20th. Stockholders of record on Friday, January 30th will be given a dividend of 0.0015 per share by the energy company on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, January 30th.

Mesa Royalty Trust has decreased its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend every year for the last 1 years.

Mesa Royalty Trust Stock Performance

NYSE MTR opened at $4.38 on Wednesday. The stock has a market cap of $8.15 million, a price-to-earnings ratio of 19.04 and a beta of 0.45. The business has a 50 day simple moving average of $4.50 and a 200 day simple moving average of $5.07. Mesa Royalty Trust has a 52-week low of $4.03 and a 52-week high of $10.42.

Mesa Royalty Trust (NYSE:MTR) last released its quarterly earnings results on Thursday, November 13th. The energy company reported $0.05 earnings per share for the quarter. Mesa Royalty Trust had a net margin of 76.84% and a return on equity of 13.63%. The company had revenue of $0.13 million during the quarter.

About Mesa Royalty Trust

Mesa Royalty Trust (NYSE: MTR) is a statutory trust that holds overriding royalty interests in oil and natural gas properties primarily located in the Permian Basin of Texas and New Mexico. Established in 1981 by Mesa Production Oil & Gas, Inc, the trust’s portfolio comprises interests in thousands of producing wells across key producing areas, including the Midland, Delaware and Central Basin platforms. These interests provide the trust with net revenue rights to a portion of the hydrocarbons produced from the underlying formations.

The trust’s core business activity is the collection and distribution of royalty income derived from the sale of crude oil, natural gas and natural gas liquids (NGLs).