Marine Petroleum Trust Plans Quarterly Dividend of $0.05 (NASDAQ:MARPS)

Marine Petroleum Trust (NASDAQ:MARPS) declared a quarterly dividend on Monday, November 18th, Zacks reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.049 per share by the energy company on Monday, December 30th. This represents a $0.20 dividend on an annualized basis and a yield of 9.51%. The ex-dividend date of this dividend is Wednesday, November 27th.

NASDAQ:MARPS traded down $0.04 during trading hours on Wednesday, reaching $2.06. 7,100 shares of the company were exchanged, compared to its average volume of 4,626. Marine Petroleum Trust has a 52-week low of $1.22 and a 52-week high of $3.00. The stock has a 50 day simple moving average of $2.16 and a 200 day simple moving average of $2.23.

About Marine Petroleum Trust

Marine Petroleum Trust (the Trust) is a royalty trust. The Trust is engaged in the administration and liquidation of rights to payments from certain oil and natural gas leases in the Gulf of Mexico, under license agreements and amendments between the Trust’s predecessors and Chevron Corporation (Chevron) and its assignees.

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Dividend History for Marine Petroleum Trust (NASDAQ:MARPS)

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