VOC Energy Trust (NYSE:VOC) Stock to Pay Quarterly Dividend of $0.19

VOC Energy Trust (NYSE:VOC) declared a quarterly dividend on Tuesday, October 20th. Stockholders of record on Friday, October 30th will be given a dividend of $0.19 per share by the oil and gas producer on Friday, November 13th. This represents a $0.76 annualized dividend and a dividend yield of 21.6%. The ex-dividend date of this dividend is Friday, October 30th. This is a 32.1% decrease from VOC Energy Trust’s previous quarterly dividend of $0.28.

VOC Energy Trust has raised its dividend payment by an average of 0.1% annually over the last three years.

VOC Energy Trust Stock Up 3.6%

Shares of VOC traded up $0.12 during mid-day trading on Wednesday, hitting $3.52. 176,762 shares of the company’s stock traded hands, compared to its average volume of 104,046. The firm has a market capitalization of $59.89 million, a P/E ratio of 8.59 and a beta of 0.18. The business’s 50-day moving average price is $3.36 and its 200-day moving average price is $3.20. VOC Energy Trust has a 1 year low of $2.63 and a 1 year high of $3.84.

VOC Energy Trust (NYSE:VOC) last announced its earnings results on Monday, August 10th. The oil and gas producer reported $0.10 EPS for the quarter. VOC Energy Trust had a return on equity of 68.92% and a net margin of 91.51%. The company had revenue of $1.70 million during the quarter.

About VOC Energy Trust

VOC Energy Trust (NYSE:VOC) is a grantor trust that owns net profits interests in oil and natural gas properties located primarily in Kansas and Texas. The trust does not operate the properties directly; instead, it receives a share of the proceeds generated from the production and sale of oil and natural gas after specified operating and capital expenses.

The trust was established in 2010 in connection with a public offering of trust units. Its underlying assets consist of producing and developed oil and gas properties, with oil representing an important component of production.