Mesa Royalty Trust (NYSE:MTR) Share Price Passes Above 50 Day Moving Average – Here’s Why

Mesa Royalty Trust (NYSE:MTR)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.05 and traded as high as $6.36. Mesa Royalty Trust shares last traded at $5.94, with a volume of 16,876 shares changing hands.

Mesa Royalty Trust Trading Down 3.1 %

The business has a fifty day moving average of $6.05 and a 200 day moving average of $7.69.

Mesa Royalty Trust (NYSE:MTR) last posted its earnings results on Wednesday, August 14th. The energy company reported $0.12 earnings per share for the quarter. Mesa Royalty Trust had a return on equity of 28.92% and a net margin of 76.94%. The business had revenue of $0.31 million for the quarter.

Mesa Royalty Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, October 31st will be given a $0.0057 dividend. The ex-dividend date is Thursday, October 31st. This is a positive change from Mesa Royalty Trust’s previous monthly dividend of $0.00. This represents a $0.07 annualized dividend and a dividend yield of 1.15%. Mesa Royalty Trust’s dividend payout ratio is presently 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.