Marine Petroleum Trust (NASDAQ:MARPS) Announces Quarterly Dividend of $0.10

Marine Petroleum Trust (NASDAQ:MARPS) announced a quarterly dividend on Monday, May 18th. Investors of record on Friday, May 29th will be given a dividend of 0.0965 per share by the energy company on Monday, June 29th. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Friday, May 29th.

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

Marine Petroleum Trust Stock Performance

MARPS stock remained flat at $5.00 on Monday. 4,534 shares of the company traded hands, compared to its average volume of 58,244. The firm’s 50-day simple moving average is $5.15 and its 200 day simple moving average is $4.71. Marine Petroleum Trust has a 1 year low of $3.70 and a 1 year high of $7.90. The stock has a market capitalization of $10 million, a PE ratio of 15.63 and a beta of 0.38.

Marine Petroleum Trust (NASDAQ:MARPS) last announced its quarterly earnings data on Thursday, May 14th. The energy company reported $0.07 EPS for the quarter. The company had revenue of $0.23 million during the quarter. Marine Petroleum Trust had a net margin of 65.28% and a return on equity of 66.30%.

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.