This afternoon, MV Oil Trust (NYSE:MVO) declared its quarterly dividend of 60.5 cents per share, an increase of about five percent over its prior dividend. Based on the current stock price, investors can expect a yield of about 9.3% going forward.
In afternoon trading, shares of MVO were showing modest gains, up about one half of one percent.
In other dividend news, Murphy Oil (NYSE:MUR) maintained its quarterly dividend of 25 cents per share. Rockwell Automation (NYSE:ROK) maintained its quarterly dividend of 29 cents per share. And Teekay Corporation (NYSE:TK) maintained its quarterly dividend of 31.625 cents per share.
Among dividend increases, TJX Companies (NYSE:TJX) announced its quarterly dividend of 15 cents per share, an increase of about 25% over its prior dividend in February of 12 cents.
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