Mesa Royalty Trust (MTR) to Issue Monthly Dividend of $0.00 on April 30th

Mesa Royalty Trust (NYSE:MTR) announced a monthly dividend on Tuesday, January 20th. Investors of record on Friday, January 30th will be given a dividend of 0.0015 per share by the energy company on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, January 30th.

Mesa Royalty Trust has decreased its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 1 consecutive years.

Mesa Royalty Trust Trading Down 2.4%

Shares of MTR opened at $4.25 on Thursday. The stock has a 50 day simple moving average of $4.49 and a 200-day simple moving average of $5.06. Mesa Royalty Trust has a 1 year low of $4.03 and a 1 year high of $10.42. The stock has a market cap of $7.90 million, a PE ratio of 18.46 and a beta of 0.45.

Mesa Royalty Trust (NYSE:MTR) last posted its earnings results on Thursday, November 13th. The energy company reported $0.05 earnings per share (EPS) for the quarter. Mesa Royalty Trust had a net margin of 76.84% and a return on equity of 13.63%. The company had revenue of $0.13 million during the quarter.

About Mesa Royalty Trust

Mesa Royalty Trust (NYSE: MTR) is a statutory trust that holds overriding royalty interests in oil and natural gas properties primarily located in the Permian Basin of Texas and New Mexico. Established in 1981 by Mesa Production Oil & Gas, Inc, the trust’s portfolio comprises interests in thousands of producing wells across key producing areas, including the Midland, Delaware and Central Basin platforms. These interests provide the trust with net revenue rights to a portion of the hydrocarbons produced from the underlying formations.

The trust’s core business activity is the collection and distribution of royalty income derived from the sale of crude oil, natural gas and natural gas liquids (NGLs).