Marine Petroleum Trust (NASDAQ:MARPS) to Issue Quarterly Dividend of $0.10

Marine Petroleum Trust (NASDAQ:MARPS) announced a quarterly dividend on Tuesday, February 17th. Shareholders of record on Friday, February 27th will be paid a dividend of 0.1016 per share by the energy company on Monday, March 30th. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date is Friday, February 27th. This is a 106.8% increase from Marine Petroleum Trust’s previous quarterly dividend of $0.05.

Marine Petroleum Trust has increased its dividend payment by an average of 0.1%annually over the last three years.

Marine Petroleum Trust Trading Up 9.5%

Shares of NASDAQ MARPS traded up $0.42 during mid-day trading on Wednesday, hitting $4.84. The company had a trading volume of 79,579 shares, compared to its average volume of 43,709. The company has a market capitalization of $9.68 million, a PE ratio of 13.08 and a beta of 0.40. The firm has a 50-day simple moving average of $4.45 and a two-hundred day simple moving average of $4.52. Marine Petroleum Trust has a one year low of $3.34 and a one year high of $7.90.

Marine Petroleum Trust (NASDAQ:MARPS) last released its earnings results on Thursday, February 12th. The energy company reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $0.27 million for the quarter. Marine Petroleum Trust had a return on equity of 77.05% and a net margin of 68.98%.

Marine Petroleum Trust Company Profile

Marine Petroleum Trust is a royalty trust that holds overriding royalty interests in petroleum and natural gas production assets on Alaska’s North Slope. Established in 1998, the trust’s primary asset is its net profits interest in the Nikaitchuq Unit, a large oil field operated under state and federal leases. Rather than engaging in exploration or production itself, Marine Petroleum Trust receives income in the form of royalties and net profits from production activities carried out by the unit operator.

The trust’s revenues are generated solely by hydrocarbons extracted from the Nikaitchuq field, with crude oil transported via the Trans-Alaska Pipeline System.