Mesa Royalty Trust (NYSE:MTR) Declares Monthly Dividend of $0.02

Mesa Royalty Trust (NYSE:MTR) announced a monthly dividend on Friday, April 19th, Wall Street Journal reports. Stockholders of record on Tuesday, April 30th will be paid a dividend of 0.0192 per share by the energy company on Wednesday, July 31st. This represents a $0.23 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, April 29th.

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

Mesa Royalty Trust Stock Down 0.8 %

Shares of NYSE MTR traded down $0.09 on Friday, hitting $11.19. The company had a trading volume of 11,893 shares, compared to its average volume of 11,881. Mesa Royalty Trust has a 12-month low of $8.85 and a 12-month high of $29.50. The business has a 50 day moving average of $10.26 and a two-hundred day moving average of $12.49. The firm has a market capitalization of $20.81 million, a P/E ratio of 7.37 and a beta of 0.71.

Institutional Investors Weigh In On Mesa Royalty Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new position in Mesa Royalty Trust in the second quarter valued at about $513,000. BNP Paribas Arbitrage SA raised its stake in Mesa Royalty Trust by 67.3% during the second quarter. BNP Paribas Arbitrage SA now owns 11,223 shares of the energy company’s stock valued at $122,000 after buying an additional 4,513 shares in the last quarter. UBS Group AG raised its stake in Mesa Royalty Trust by 28.6% during the fourth quarter. UBS Group AG now owns 5,026 shares of the energy company’s stock valued at $111,000 after buying an additional 1,118 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC raised its stake in Mesa Royalty Trust by 50.0% during the first quarter. BNP Paribas Arbitrage SNC now owns 2,032 shares of the energy company’s stock valued at $33,000 after buying an additional 677 shares in the last quarter. Hedge funds and other institutional investors own 12.73% of the company’s stock.

Mesa Royalty Trust Company Profile

Mesa Royalty Trust owns net overriding royalty interests in various oil and gas producing properties in the United States. The company has interests in properties located in the Hugoton field of Kansas; and the San Juan Basin of Northwestern New Mexico and Southwestern Colorado. Mesa Royalty Trust was founded in 1979 and is based in Houston, Texas.