Marine Petroleum Trust (MARPS) To Go Ex-Dividend on November 29th

Posted by Renee Jackson on Nov 20th, 2024

Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) announced a quarterly dividend on Monday, November 18th,Wall Street Journal reports. Investors of record on Friday, November 29th will be given a dividend of 0.1029 per share by the energy company on Monday, December 30th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 10.58%. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Marine Petroleum Trust’s previous quarterly dividend of $0.09.

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

Marine Petroleum Trust Stock Performance

MARPS stock traded down $0.06 during mid-day trading on Wednesday, hitting $3.89. 2,791 shares of the company were exchanged, compared to its average volume of 13,315. Marine Petroleum Trust has a 1-year low of $3.77 and a 1-year high of $6.50. The firm’s 50 day simple moving average is $4.06 and its 200 day simple moving average is $4.04. The firm has a market cap of $7.90 million, a P/E ratio of 10.65 and a beta of 0.24.

Marine Petroleum Trust (NASDAQ:MARPS – Get Free Report) last posted its quarterly earnings data on Monday, September 30th. The energy company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $0.23 million for the quarter. Marine Petroleum Trust had a net margin of 68.94% and a return on equity of 74.22%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Marine Petroleum Trust in a research report on Wednesday, November 13th. They set a “hold” rating for the company.

View Our Latest Analysis on MARPS

About Marine Petroleum Trust

(Get Free Report)

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.