Mesa Royalty Trust Plans Monthly Dividend of $0.13 (MTR)

Mesa Royalty Trust (NYSE:MTR) announced a monthly dividend on Thursday, April 18th, Wall Street Journal reports. Investors of record on Tuesday, April 30th will be given a dividend of 0.1254 per share by the energy company on Wednesday, July 31st. This represents a $1.51 annualized dividend and a dividend yield of 11.88%. The ex-dividend date of this dividend is Monday, April 29th.

Mesa Royalty Trust has decreased its dividend by an average of 5.5% per year over the last three years.

MTR traded down $0.26 during midday trading on Friday, hitting $12.67. 3,560 shares of the company were exchanged, compared to its average volume of 6,691. Mesa Royalty Trust has a 1-year low of $9.48 and a 1-year high of $15.55.

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Mesa Royalty Trust Company Profile

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

Further Reading: What is diluted earnings per share (Diluted EPS)?

Dividend History for Mesa Royalty Trust (NYSE:MTR)

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