VOC Energy Trust (NYSE:VOC) to Issue Dividend Increase – $0.13 Per Share

VOC Energy Trust (NYSE:VOC) announced a quarterly dividend on Monday, April 21st, Wall Street Journal reports. Investors of record on Wednesday, April 30th will be paid a dividend of 0.13 per share by the oil and gas producer on Thursday, May 15th. This represents a $0.52 dividend on an annualized basis and a yield of 16.61%. The ex-dividend date is Wednesday, April 30th. This is a 52.9% increase from VOC Energy Trust’s previous quarterly dividend of $0.09.

VOC Energy Trust Stock Down 2.2 %

Shares of VOC stock opened at $3.13 on Wednesday. The business has a fifty day simple moving average of $3.17 and a 200-day simple moving average of $4.23. The stock has a market cap of $53.21 million, a P/E ratio of 4.01 and a beta of 0.35. VOC Energy Trust has a fifty-two week low of $2.44 and a fifty-two week high of $6.25.

VOC Energy Trust (NYSE:VOC) last announced its quarterly earnings data on Thursday, March 20th. The oil and gas producer reported $0.18 earnings per share for the quarter. The business had revenue of $3.24 million for the quarter. VOC Energy Trust had a net margin of 90.84% and a return on equity of 102.62%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of VOC Energy Trust from a “buy” rating to a “hold” rating in a report on Thursday, December 26th.

VOC Energy Trust Company Profile

VOC Energy Trust acquires and holds a term net profits interest of the net proceeds from production and sale of the interests in oil and natural gas properties in the states of Kansas and Texas. The company has an 80% term net profits interest of the net proceeds on the underlying properties. As of December 31, 2021, its underlying properties had interests in 452.5 net producing wells and 51,147.2 net acres.