Mesa Royalty Trust (NYSE:MTR) Announces Dividend of $0.01

by · The Cerbat Gem

Mesa Royalty Trust (NYSE:MTR – Get Free Report) announced a dividend on Monday, October 21st, NASDAQ reports. Stockholders of record on Thursday, October 31st will be paid a dividend of 0.0057 per share by the energy company on Friday, January 31st. The ex-dividend date of this dividend is Thursday, October 31st.

Mesa Royalty Trust has increased its dividend payment by an average of 72.0% per year over the last three years.

Mesa Royalty Trust Price Performance

Shares of Mesa Royalty Trust stock traded down $0.04 during trading on Tuesday, hitting $5.95. 3,840 shares of the company’s stock traded hands, compared to its average volume of 11,335. The firm’s fifty day moving average price is $6.22 and its 200 day moving average price is $7.97. Mesa Royalty Trust has a twelve month low of $5.60 and a twelve month high of $18.92. The company has a market cap of $11.09 million, a PE ratio of 4.92 and a beta of 0.56.

Mesa Royalty Trust (NYSE:MTR – Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The energy company reported $0.12 EPS for the quarter. The firm had revenue of $0.31 million for the quarter. Mesa Royalty Trust had a net margin of 76.94% and a return on equity of 28.92%.

Mesa Royalty Trust Company Profile

(Get Free Report)

Mesa Royalty Trust owns overriding royalty interests in various oil and gas producing properties in the United States. It holds interests in properties located in the Hugoton field of Kansas; and the San Juan Basin field of Northwestern New Mexico and Southwestern Colorado. The company was founded in 1979 and is based in Houston, Texas.

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