Mesa Royalty Trust (NYSE:MTR) to Issue Monthly Dividend of $0.01

Mesa Royalty Trust (NYSE:MTR) declared a monthly dividend on Monday, October 21st, NASDAQ reports. Investors of record on Thursday, October 31st will be given a dividend of 0.0057 per share by the energy company on Friday, January 31st. This represents a $0.07 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, October 31st. This is a boost from Mesa Royalty Trust’s previous monthly dividend of $0.0037.

Mesa Royalty Trust has raised its dividend payment by an average of 72.0% annually over the last three years.

Mesa Royalty Trust Stock Performance

MTR opened at $6.25 on Wednesday. Mesa Royalty Trust has a 1-year low of $5.60 and a 1-year high of $18.92. The company has a 50-day moving average of $6.08 and a 200-day moving average of $7.75. The company has a market capitalization of $11.63 million, a P/E ratio of 5.17 and a beta of 0.56.

Mesa Royalty Trust (NYSE:MTR) last posted its earnings results on Wednesday, August 14th. The energy company reported $0.12 EPS for the quarter. The firm had revenue of $0.31 million during the quarter. Mesa Royalty Trust had a net margin of 76.94% and a return on equity of 28.92%.

Mesa Royalty Trust Company Profile

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