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Units Ben Int/Marine Petroleum Trust Dividend Announcement

(NASDAQ:MARPS), www.marps-marine.com

DIVIDEND ANNOUNCEMENT: Units Ben Int/Marine Petroleum Trust (NASDAQ:MARPS) on 02/15/2019 declared a dividend of $0.0799 per share

February 15, 2019

Units Ben Int/Marine Petroleum Trust (NASDAQ:MARPS) on 02/15/2019 declared a dividend of $ 0.0799 per share payable on March 28, 2019 to shareholders of record as of February 28, 2019. Dividend amount recorded is a decrease of $ 0.016 from last dividend Paid.

Units Ben Int/Marine Petroleum Trust (NASDAQ:MARPS) has paid dividends since 1990, has a current dividend yield of 17.3076934814% and has increased its dividends for 2 successive years.

Units Ben Int/Marine Petroleum Trust's market cap is $ 4,160,000 and has a PE ratio of 5.94. The stock price closed yesterday at $ 2.08 and has a 52 week low/high of $ 1.22 and $ 4.85.

Marine Petroleum Trust is a royalty trust engaged in providing means for the administration and liquidation of rights to payments from certain oil and natural gas leases in the Gulf of Mexico. Co.'s wholly owned subsidiary, Marine Petroleum Corporation (MPC, collectively with Co., Marine), holds title to interests in properties that are situated offshore of Louisiana. 98% of all oil, natural gas, and other mineral royalties collected by MPC, are retained by and delivered to Co. Marine's only industry segment is the administration and collection of royalties. Marine also owns a 32.6% interest in Tidelands Royalty Trust B, a separate Texas trust.

For more information on Units Ben Int/Marine Petroleum Trust click here.

Units Ben Int/Marine Petroleum Trust current dividend information as per the date of this press release is:
Dividend Declaration Date: February 15, 2019
Dividend Ex Date: February 27, 2019
Dividend Record Date: February 28, 2019
Dividend Payment Date: March 28, 2019
Dividend Amount: $ 0.0799
 
 

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