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 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.
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