Marine Petroleum Trust (NASDAQ:MARPS) Announces Quarterly Dividend of $0.08

Marine Petroleum Trust (NASDAQ:MARPS) announced a quarterly dividend on Wednesday, February 19th,Wall Street Journal reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.0771 per share by the energy company on Friday, March 28th. This represents a $0.31 annualized dividend and a dividend yield of 7.52%. The ex-dividend date is Friday, February 28th.

Marine Petroleum Trust has raised its dividend payment by an average of 43.6% per year over the last three years.

Marine Petroleum Trust Stock Up 0.7 %

Shares of MARPS traded up $0.03 during trading hours on Wednesday, reaching $4.10. The stock had a trading volume of 13,854 shares, compared to its average volume of 16,080. Marine Petroleum Trust has a 52 week low of $3.76 and a 52 week high of $6.50. The firm has a 50-day moving average of $4.04 and a 200 day moving average of $4.03. The company has a market cap of $8.20 million, a P/E ratio of 13.22 and a beta of 0.26.

Marine Petroleum Trust (NASDAQ:MARPS) last released its quarterly earnings data on Thursday, February 13th. The energy company reported $0.04 EPS for the quarter. Marine Petroleum Trust had a net margin of 63.53% and a return on equity of 63.85%. The business had revenue of $170 billion during the quarter.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Marine Petroleum Trust in a research note on Monday. They issued a “hold” rating for the company.

Marine Petroleum Trust Company Profile

Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. It has overriding royalty interest in oil and natural gas leases in the Central and Western areas of the Gulf of Mexico off the coasts of Louisiana and Texas. Marine Petroleum Trust was founded in 1956 and is based in Dallas, Texas.