MV Oil Trust (MVO) Plans Dividend Increase – $0.22 Per Share

MV Oil Trust (NYSE:MVO) declared a quarterly dividend on Saturday, January 6th, Fidelity reports. Shareholders of record on Monday, January 15th will be given a dividend of 0.22 per share by the oil and gas producer on Thursday, January 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 9.07%. The ex-dividend date of this dividend is Thursday, January 11th. This is an increase from MV Oil Trust’s previous quarterly dividend of $0.13.

MV Oil Trust has decreased its dividend by an average of 40.4% per year over the last three years.

MV Oil Trust (NYSE:MVO) opened at $9.70 on Wednesday. The stock has a market capitalization of $111.55, a P/E ratio of 12.93 and a beta of 0.20. MV Oil Trust has a twelve month low of $4.80 and a twelve month high of $9.80.

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MV Oil Trust Company Profile

MV Oil Trust (the Trust) is a statutory trust. The Trust acquires and holds a term net profits interest for the benefit of the Trust unitholders. Its underlying properties consist of MV Partners, LLC’s (MV Partners) net interests in all of its oil and natural gas properties, which are located in the Mid-Continent region in the States of Kansas and Colorado.

Dividend History for MV Oil Trust (NYSE:MVO)

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