Marine Petroleum Trust
MARPSMarine Petroleum Trust (MARPS) is a royalty trust that was formed to own interests in oil and natural gas properties. It was established to generate income for unit holders from the proceeds of oil and gas production from its underlying assets. The trust primarily focuses on collecting and distributing revenues derived from its royalty interests, which are associated with offshore and onshore oil and gas leases.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| June 29, 2026 | $0.10 | 2026-05-29 | 2026-05-29 |
| March 30, 2026 | $0.10 | 2026-02-27 | 2026-02-27 |
| December 29, 2025 | $0.05 | 2025-11-28 | 2025-11-28 |
| September 29, 2025 | $0.07 | 2025-08-29 | 2025-08-29 |
| June 30, 2025 | $0.11 | 2025-05-30 | 2025-05-30 |
Dividends Summary
- Consistent Payer: Marine Petroleum Trust has rewarded shareholders with 71 dividend payments over the past 18 years.
- Total Returned Value: Investors who held MARPS shares during this period received a total of $14.12 per share in dividend income.
- Latest Payout: The most recent dividend of $0.10/share was paid 19 days ago, on June 29, 2026.
- Yield & Schedule: MARPS currently pays dividends quarterly with an annual yield of 6.31%.
- Dividend Growth: Since 2008, the dividend payout has decreased by 89.1%, from $0.89 to $0.10.
Company News
Marine Petroleum Trust (MARPS) announced a higher quarterly cash distribution of $0.102923 per unit, up from $0.094886 last quarter. The increase is due to higher volumes and prices for oil, partially offset by lower natural gas prices.
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