$0.13 just might be within reach for Marine Petroleum Trust (NASDAQ:MARPS) shareholder.

August 28, 2017 - By Dolores Ford

 $0.13 just might be within reach for Marine Petroleum Trust (NASDAQ:MARPS) shareholder.

Marine Petroleum Trust (NASDAQ:MARPS) is expected to pay $0.13 on Sep 28, 2017. The indicated annual dividend is $0.51. Shareholders owning the stock before Aug 29, 2017 will be eligible to receive the payout. Based on Marine Petroleum Trust’s current price of $3.90, the dividend is 3.23 %. This dividend’s record date is Aug 31, 2017 and the announcement date is Aug 21, 2017. The stock increased 5.12% or $0.19 on April 19, reaching $3.9. About shares traded. Marine Petroleum Trust (NASDAQ:MARPS) has declined 26.79% since August 28, 2016 and is downtrending. It has underperformed by 43.49% the S&P500.

Marine Petroleum Trust is a royalty trust. The company has market cap of $7.95 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 12.46 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 recent Marine Petroleum Trust (NASDAQ:MARPS) news were published by: Marketwatch.com which released: “3.4992” on February 03, 2011. Also Prnewswire.com published the news titled: “Marine Petroleum Trust Announces Third Quarter Cash Distribution” on August 21, 2017. Nasdaq.com‘s news article titled: “Marine Petroleum Trust (MARPS) Ex-Dividend Date Scheduled for November 28, 2016” with publication date: November 25, 2016 was also an interesting one.

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