Shares of Mesa Royalty Trust (NYSE:MTR – Get Free Report) 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.
Mesa Royalty Trust Trading Up 16.9 %
The stock has a fifty day moving average of $5.98 and a two-hundred day moving average of $7.32.
Mesa Royalty Trust Increases Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, November 29th will be issued a $0.0057 dividend. This is a positive change from Mesa Royalty Trust’s previous monthly dividend of $0.00. The ex-dividend date is Friday, November 29th. This represents a $0.07 annualized dividend and a yield of 0.98%. Mesa Royalty Trust’s dividend payout ratio is 14.89%.
Mesa Royalty Trust Company Profile
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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