Marine Petroleum Trust (NASDAQ:MARPS) Declares Quarterly Dividend of $0.08

Marine Petroleum Trust (NASDAQ:MARPS) declared a quarterly dividend on Wednesday, February 19th,Wall Street Journal reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.0771 per share by the energy company on Friday, March 28th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 7.43%. The ex-dividend date of this dividend is Friday, February 28th.

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

Marine Petroleum Trust Stock Performance

MARPS stock opened at $4.15 on Thursday. The firm has a 50 day simple moving average of $4.05 and a 200 day simple moving average of $4.03. Marine Petroleum Trust has a 52 week low of $3.76 and a 52 week high of $6.50. The stock has a market cap of $8.30 million, a P/E ratio of 13.39 and a beta of 0.26.

Marine Petroleum Trust (NASDAQ:MARPS) last released its earnings results on Thursday, February 13th. The energy company reported $0.04 earnings per share (EPS) for the quarter. Marine Petroleum Trust had a net margin of 63.53% and a return on equity of 63.85%. The company had revenue of $170 billion during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Marine Petroleum Trust in a report on Monday. They set a “hold” rating for the company.

Marine Petroleum Trust Company Profile

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.