Marine Petroleum Trust Declares Quarterly Dividend of $0.37 (MARPS)

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Marine Petroleum Trust (NASDAQ:MARPS) announced a quarterly dividend on Tuesday, August 19th, StockRatingsNetwork reports. Shareholders of record on Friday, August 29th will be paid a dividend of 0.3672 per share on Friday, September 26th. This represents a $1.47 annualized dividend and a dividend yield of 8.76%.

Shares of Marine Petroleum Trust (NASDAQ:MARPS) traded down 2.98% during mid-day trading on Tuesday, hitting $16.26. 224 shares of the company’s stock traded hands. Marine Petroleum Trust has a 52-week low of $13.00 and a 52-week high of $20.72. The stock has a 50-day moving average of $16.60 and a 200-day moving average of $16.54. The company has a market cap of $32.5 million and a price-to-earnings ratio of 11.84.

Marine Petroleum Trust (NASDAQ:MARPS) is a royalty trust.

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