MV Oil Trust (NYSE:MVO) declared a quarterly dividend on Monday, July 8th, Stock Ratings Network reports. Stockholders of record on Monday, July 15th will be given a dividend of $0.69 per share on Thursday, July 25th. This represents a $2.76 dividend on an annualized basis and a yield of 8.82%. The ex-dividend date of this dividend is Thursday, July 11th.
On a related note, analysts at Zacks downgraded shares of MV Oil Trust from an ?outperform? rating to a ?neutral? rating in a research note to investors on Monday, June 17th. They now have a $31.60 price target on the stock.
Shares of MV Oil Trust (NYSE: MVO) opened at 31.19 on Tuesday. MV Oil Trust has a one year low of $22.16 and a one year high of $38.17. The stock?s 50-day moving average is currently $29.19. The company has a market cap of $358.7 million and a P/E ratio of 9.17.
MV Oil Trust (NYSE: MVO) is a statutory trust formed by MV Partners, LLC (MV Partners).
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Source: http://utahpeoplespost.com/2013/07/mv-oil-trust-plans-quarterly-dividend-of-0-69-mvo/
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