Marine Petroleum Trust (NASDAQ:MARPS) to Issue $0.08 Quarterly Dividend

Marine Petroleum Trust (NASDAQ:MARPS) declared a quarterly dividend on Tuesday, February 18th, Wall Street Journal reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.0771 per share by the energy company on Friday, March 28th. This represents a $0.31 dividend on an annualized basis and a yield of 7.63%. The ex-dividend date of this dividend is Friday, February 28th.

Marine Petroleum Trust has increased its dividend by an average of 43.6% annually over the last three years.

Marine Petroleum Trust Trading Up 1.3 %

Shares of MARPS stock opened at $4.04 on Wednesday. The firm’s fifty day moving average price is $4.06 and its two-hundred day moving average price is $4.04. Marine Petroleum Trust has a 1 year low of $3.76 and a 1 year high of $6.50. The firm has a market capitalization of $8.08 million, a P/E ratio of 13.24 and a beta of 0.26.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Marine Petroleum Trust in a research report on Tuesday. They set a “hold” rating on the stock.

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.