Mesa Royalty Trust (NYSE:MTR) Plans $0.02 Monthly Dividend

Mesa Royalty Trust (NYSE:MTR) announced a monthly dividend on Thursday, April 18th, Wall Street Journal reports. Stockholders of record on Tuesday, April 30th will be given a dividend of 0.0192 per share by the energy company on Wednesday, July 31st. This represents a $0.23 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, April 29th.

Mesa Royalty Trust has increased its dividend by an average of 72.0% per year over the last three years.

Mesa Royalty Trust Stock Performance

Shares of NYSE:MTR opened at $11.20 on Friday. The firm has a fifty day moving average of $10.28 and a 200 day moving average of $12.46. Mesa Royalty Trust has a 52-week low of $8.85 and a 52-week high of $29.50. The firm has a market capitalization of $20.83 million, a PE ratio of 7.32 and a beta of 0.71.

Hedge Funds Weigh In On Mesa Royalty Trust

Institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SNC boosted its stake in Mesa Royalty Trust by 50.0% in the first quarter. BNP Paribas Arbitrage SNC now owns 2,032 shares of the energy company’s stock worth $33,000 after buying an additional 677 shares in the last quarter. UBS Group AG grew its holdings in shares of Mesa Royalty Trust by 56.3% during the 3rd quarter. UBS Group AG now owns 3,908 shares of the energy company’s stock valued at $49,000 after purchasing an additional 1,408 shares during the last quarter. BNP Paribas Arbitrage SA purchased a new position in Mesa Royalty Trust in the 1st quarter worth $58,000. Finally, Citadel Advisors LLC boosted its position in Mesa Royalty Trust by 18.9% during the fourth quarter. Citadel Advisors LLC now owns 17,460 shares of the energy company’s stock valued at $230,000 after buying an additional 2,776 shares during the period. 12.73% of the stock is currently owned by institutional investors.

About Mesa Royalty Trust

Mesa Royalty Trust owns net overriding royalty interests in various oil and gas producing properties in the United States. The company has interests in properties located in the Hugoton field of Kansas; and the San Juan Basin of Northwestern New Mexico and Southwestern Colorado. Mesa Royalty Trust was founded in 1979 and is based in Houston, Texas.