Yesterday, MV Oil Trust (NYSE:MVO) declared its quarterly dividend of 59.5 cents per share. This amounts to an increase of twenty nine percent over the July dividend of 46.1 cents and based on the current dividend, investors can expect a yield of about thirteen percent.
In afternoon trading, shares of MVO were trading higher on the news, up more than two and a half percent.
In other dividend news, Occidental Petroleum (NYSE:OXY) maintained its quarterly dividend of 33 cents per share. Corning (NYSE:GLW) maintained its quarterly dividend of 5 cents per share. Weyerhaeuser (NYSE:WY) maintained its quarterly dividend of 5 cents per share. And global engineering firm, KBR (NYSE:KBR), maintained its quarterly dividend of 5 cents per share.
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