Marine Petroleum Trust (MARPS) to Issue Quarterly Dividend of $0.10 on June 29th

Marine Petroleum Trust (NASDAQ:MARPS) announced a quarterly dividend on Monday, May 11th. 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 raised its dividend by an average of 0.1%annually over the last three years.

Marine Petroleum Trust Price Performance

Marine Petroleum Trust stock opened at $4.98 on Wednesday. Marine Petroleum Trust has a 12-month low of $3.70 and a 12-month high of $7.90. The company has a market capitalization of $9.96 million, a price-to-earnings ratio of 15.56 and a beta of 0.38. The firm’s fifty day moving average price is $5.11 and its 200 day moving average price is $4.73.

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

About Marine Petroleum Trust

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.