Mesa Royalty Trust(NYSE:MTR) Declares Dividend of $0.0413.

Mesa Royalty Trust (NYSE:MTR) had declared a cash dividend of $0.0413 on Aug 19, 2016. The shares will quote ex-dividend on Aug 29, 2016 and the record date has been fixed for Aug 31, 2016. On Aug 19, 2016 share price, the yield comes out to be 5.4342%. The dividend payable date has been fixed on Oct 31, 2016.

Mesa Royalty Trust (MTR) made into the market gainers list on Mondays trading session with the shares advancing 1.00% or 0.09 points. Due to strong positive momentum, the stock ended at $9.06, which is also near the day’s high of $9.3. The stock began the session at $9.3 and the volume stood at 23,230 shares. The 52-week high of the shares is $12.82 and the 52 week low is $5.64. The company has a current market capitalization of $17 M and it has 18,63,590 shares in outstanding.

Mesa Royalty Trust was created when Mesa Petroleum Co. conveyed to the Trust an overriding royalty interest (the Royalty) equal to 90% of the Net Proceeds in certain oil and gas properties located in the Hugoton field of Kansas the San Juan Basin field of New Mexico and Colorado and the Yellow Creek field of Wyoming (the Royalty Properties). The principal property interest conveyed to the Trust accounts was carved out of Pioneer Natural Resources USA Inc. (PNR’s) working interest in 104437 net producing acres in the Hugoton field. The gas produced from the Hugoton properties is available for sale on the spot market. The Trust’s interest in the San Juan Basin was conveyed from PNR’s working interest in 31328 net producing acres in Northwestern New Mexico and Southwestern Colorado. All of the natural gas produced from the San Juan Basin is sold on the spot market. The Trust owns an interest in 26700 gross acres and 25400 net acres with Fruitland Coal potential.

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