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

Marine Petroleum Trust (NASDAQ:MARPS) declared a quarterly dividend on Friday, August 21st. Shareholders of record on Monday, August 31st will be given a dividend of 0.0954 per share by the energy company on Monday, September 28th. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Monday, August 31st.

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

Marine Petroleum Trust Stock Performance

Shares of NASDAQ:MARPS traded up $0.03 during trading hours on Friday, reaching $4.88. The stock had a trading volume of 1,978 shares, compared to its average volume of 38,644. Marine Petroleum Trust has a 1 year low of $4.05 and a 1 year high of $6.49. The firm’s 50 day moving average is $4.70 and its 200-day moving average is $4.89. The stock has a market capitalization of $9.76 million, a price-to-earnings ratio of 15.25 and a beta of 0.39.

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.