Marine Petroleum Trust (NASDAQ:MARPS) Shares Cross Above 50-Day Moving Average of $2.13
Marine Petroleum Trust (NASDAQ:MARPS) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $2.13 and traded as high as $2.12. Marine Petroleum Trust shares last traded at $2.06, with a volume of 934 shares trading hands.
The stock has a 50 day moving average price of $2.13 and a 200-day moving average price of $2.26.
The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were issued a dividend of $0.086 per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 16.30%.
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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