Mesa Royalty Trust (NYSE:MTR – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.98 and traded as high as $7.27. Mesa Royalty Trust shares last traded at $6.97, with a volume of 88,337 shares traded.
Mesa Royalty Trust Stock Up 16.9 %
The business has a 50 day moving average price of $5.98 and a 200-day moving average price of $7.32.
Mesa Royalty Trust Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, November 29th will be paid a $0.0057 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.98%. This is a positive change from Mesa Royalty Trust’s previous monthly dividend of $0.00. Mesa Royalty Trust’s dividend payout ratio (DPR) is 14.89%.
About Mesa Royalty Trust
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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