MV Oil Trust Lifts Quarterly Distribution

Before you go, we thought you'd like these...
Before you go close icon

MV Oil Trust is to hand out its second distribution of the year. The energy trust will distribute a total of slightly over $10 million in profit on April 25 to unit holders as of April 15. That equates to $0.87 per unit.

The distribution is 28% higher than the company's previous payout, which totaled $7.82 million, or $0.68 per unit. Prior to that, MV Oil Trust handed out $8.625 million and $0.75, respectively.

Due to the company's trust structure, its distributions can vary from quarter to quarter, at times, significantly.


The new disbursement annualizes to $3.48 per share. That yields 12.8% at MV Oil Trust's current unit price of $27.24.

The article MV Oil Trust Lifts Quarterly Distribution originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in MV Oil Trust. The Motley Fool has no position in MV Oil Trust. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners