Marine Petroleum Trust (NASDAQ:MARPS) Plans Dividend Increase – $0.10 Per Share

Marine Petroleum Trust (NASDAQ:MARPS) announced a quarterly dividend on Tuesday, February 17th. Investors of record on Friday, February 27th will be paid a dividend of 0.1016 per share by the energy company on Monday, March 30th. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date is Friday, February 27th. This is a 106.8% increase from Marine Petroleum Trust’s previous quarterly dividend of $0.05.

Marine Petroleum Trust has raised its dividend payment by an average of 0.1%annually over the last three years.

Marine Petroleum Trust Price Performance

NASDAQ MARPS traded up $0.42 on Wednesday, reaching $4.84. The company had a trading volume of 79,579 shares, compared to its average volume of 43,709. The firm has a market cap of $9.68 million, a price-to-earnings ratio of 13.08 and a beta of 0.40. Marine Petroleum Trust has a fifty-two week low of $3.34 and a fifty-two week high of $7.90. The business has a 50 day moving average of $4.45 and a two-hundred day moving average of $4.52.

Marine Petroleum Trust (NASDAQ:MARPS) last released its quarterly earnings results on Thursday, February 12th. The energy company reported $0.10 EPS for the quarter. The firm had revenue of $0.27 million for the quarter. Marine Petroleum Trust had a return on equity of 77.05% and a net margin of 68.98%.

Marine Petroleum Trust Company Profile

Marine Petroleum Trust is a royalty trust that holds overriding royalty interests in petroleum and natural gas production assets on Alaska’s North Slope. Established in 1998, the trust’s primary asset is its net profits interest in the Nikaitchuq Unit, a large oil field operated under state and federal leases. Rather than engaging in exploration or production itself, Marine Petroleum Trust receives income in the form of royalties and net profits from production activities carried out by the unit operator.

The trust’s revenues are generated solely by hydrocarbons extracted from the Nikaitchuq field, with crude oil transported via the Trans-Alaska Pipeline System.