DIVIDEND ANNOUNCEMENT: Units Ben Int/Marine Petroleum Trust (NASDAQ:MARPS) on 02/16/2024 declared a dividend of $0.1016 per share

Units Ben Int/Marine Petroleum Trust (NASDAQ:MARPS) on 02/16/2024 declared a dividend of $ 0.1016 per share payable on March 28, 2024 to shareholders of record as of February 29, 2024. Dividend amount recorded is an increase of $ 0.0179 from last dividend Paid.

Units Ben Int/Marine Petroleum Trust (NASDAQ:MARPS) has paid dividends since 1990, has a current dividend yield of 11.3253011703% and has increased its dividends for 0 successive years.

Units Ben Int/Marine Petroleum Trust's market cap is $ 8,300,000 and has a PE ratio of 7.69. The stock price closed yesterday at $ 4.15 and has a 52 week low/high of $ 3.94 and $ 8.87.

Marine Petroleum 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, and collectively with Co., Marine), holds title to interests in properties that are situated offshore of Louisiana. A portion 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 interests in Tidelands Royalty Trust B, a separate Texas trust.

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