Dividend Flows: Will Dec 28, 2016 be the day Marine Petroleum Trust (NASDAQ:MARPS) makes dividends of $0.09?

Dividend Flows: Will Dec 28, 2016 be the day Marine Petroleum Trust (NASDAQ:MARPS) makes dividends of $0.09?

Marine Petroleum Trust (NASDAQ:MARPS) is expected to pay $0.09 on Dec 28, 2016. The indicated annual dividend is $0.36. Shareholders owning the stock before Nov 28, 2016 will be eligible to receive the payout. Based on Marine Petroleum Trust’s current price of $3.45, the dividend is 2.64%. This dividend’s record date is Nov 30, 2016 and the announcement date is Nov 18, 2016. The stock increased 3.29% or $0.11 on November 25, hitting $3.45. About 2,967 shares traded hands. Marine Petroleum Trust (NASDAQ:MARPS) has declined 37.99% since April 25, 2016 and is downtrending. It has underperformed by 44.00% the S&P500.

Marine Petroleum Trust is a royalty trust. The company has a market cap of $7.17 million. 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. It has a 11.29 P/E ratio. The Trust distributes all income, after paying its liabilities and obligations, to the unit holders during the months of March, June, September and December each year.

More news for Marine Petroleum Trust (NASDAQ:MARPS) were recently published by: Nasdaq.com, which released: “Marine Petroleum Trust (MARPS) Ex-Dividend Date Scheduled for November 28, 2016” on November 25, 2016. Thestreet.com‘s article titled: “Marine Petroleum Trust (MARPS) Downgraded From Buy to Hold” and published on November 21, 2014 is yet another important article.

MARPS Company Profile

Marine Petroleum Trust (the Trust), incorporated in 1956, 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. The Trust distributes all income, after paying its liabilities and obligations, to the unit holders during the months of March, June, September and December each year.

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