Mesa Royalty Trust (NYSE:MTR) Plans $0.00 Monthly Dividend

Mesa Royalty Trust (NYSE:MTR) announced a monthly dividend on Monday, July 22nd, Wall Street Journal reports. Stockholders of record on Wednesday, July 31st will be given a dividend of 0.0018 per share by the energy company on Thursday, October 31st. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Wednesday, July 31st.

Mesa Royalty Trust has increased its dividend payment by an average of 72.0% per year over the last three years.

Mesa Royalty Trust Stock Performance

Shares of MTR stock traded up $0.35 during trading hours on Monday, reaching $8.50. The company had a trading volume of 23,084 shares, compared to its average volume of 11,727. The stock has a fifty day moving average of $8.64 and a 200-day moving average of $9.78. The company has a market capitalization of $15.81 million, a price-to-earnings ratio of 7.08 and a beta of 0.63. Mesa Royalty Trust has a 12-month low of $7.70 and a 12-month high of $23.55.

Mesa Royalty Trust (NYSE:MTR) last issued its quarterly earnings data on Wednesday, May 15th. The energy company reported $0.07 earnings per share for the quarter. The company had revenue of $0.18 million during the quarter. Mesa Royalty Trust had a return on equity of 75.36% and a net margin of 86.07%.

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.