VOC Energy Trust (NYSE:VOC) Declares Dividend Increase – $0.28 Per Share

VOC Energy Trust (NYSE:VOCGet Free Report) declared a quarterly dividend on Monday, July 20th. Investors of record on Thursday, July 30th will be paid a dividend of 0.28 per share by the oil and gas producer on Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 35.1%. The ex-dividend date of this dividend is Thursday, July 30th. This is a 194.7% increase from VOC Energy Trust’s previous quarterly dividend of $0.10.

VOC Energy Trust has raised its dividend payment by an average of 0.1%per year over the last three years.

VOC Energy Trust Price Performance

Shares of VOC stock opened at $3.19 on Tuesday. The business’s 50 day simple moving average is $2.98 and its 200 day simple moving average is $3.13. VOC Energy Trust has a one year low of $2.60 and a one year high of $3.84. The stock has a market capitalization of $54.31 million, a PE ratio of 7.26 and a beta of 0.13.

VOC Energy Trust (NYSE:VOCGet Free Report) last announced its earnings results on Wednesday, May 13th. The oil and gas producer reported $0.09 EPS for the quarter. VOC Energy Trust had a return on equity of 71.27% and a net margin of 90.03%.The company had revenue of $1.59 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded VOC Energy Trust from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on VOC

VOC Energy Trust Company Profile

(Get Free Report)

VOC Energy Trust is a Canada-based unincorporated, open-ended royalty trust focused on upstream oil and gas interests. Headquartered in Calgary, Alberta, the trust holds non-operated royalty and net profit interests in conventional petroleum and natural gas properties. VOC’s structure allows it to collect a percentage of production revenues without directly managing exploration or drilling activities.

The trust’s asset portfolio is concentrated in the Western Canadian Sedimentary Basin, with producing properties across Alberta, Saskatchewan and British Columbia.

Further Reading

Dividend History for VOC Energy Trust (NYSE:VOC)

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