VOC Energy Trust (NYSE:VOC) Increases Dividend to $0.28 Per Share

VOC Energy Trust (NYSE:VOC) declared a quarterly dividend on Monday, July 20th. Investors of record on Thursday, July 30th will be paid a dividend of 0.28 per share by the oil and gas producer on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 35.1%. The ex-dividend date of this dividend is Thursday, July 30th. This is a 194.7% increase from VOC Energy Trust’s previous quarterly dividend of $0.10.

VOC Energy Trust has raised its dividend by an average of 0.1%per year over the last three years.

VOC Energy Trust Price Performance

Shares of VOC opened at $3.19 on Tuesday. VOC Energy Trust has a one year low of $2.60 and a one year high of $3.84. The company has a 50-day simple moving average of $2.98 and a two-hundred day simple moving average of $3.13. The firm has a market capitalization of $54.31 million, a PE ratio of 7.26 and a beta of 0.13.

VOC Energy Trust (NYSE:VOC) last posted its earnings results on Wednesday, May 13th. The oil and gas producer reported $0.09 earnings per share for the quarter. VOC Energy Trust had a return on equity of 71.27% and a net margin of 90.03%.The firm had revenue of $1.59 million for the quarter.

About VOC Energy Trust

VOC Energy Trust is a Canada-based unincorporated, open-ended royalty trust focused on upstream oil and gas interests. Headquartered in Calgary, Alberta, the trust holds non-operated royalty and net profit interests in conventional petroleum and natural gas properties. VOC’s structure allows it to collect a percentage of production revenues without directly managing exploration or drilling activities.

The trust’s asset portfolio is concentrated in the Western Canadian Sedimentary Basin, with producing properties across Alberta, Saskatchewan and British Columbia.