2024-02-23 09:15:00 ET
Summary
- MV Oil Trust is a near pure play on crude oil, with 99% of its income coming from crude.
- The trust's net profit interests have been on the rise in the past two quarters, reaching the highest level since Q4 '22.
- MVO's trailing dividend yield is 13.28%, and it has no debt.
Do you hold any royalty trusts in your portfolio?
These entities are mainly within the Exploration & Production, E&P, Energy industry - their income is derived from arrangements with E&P companies that handle the operations on the Trust's property and pay the Trust a percentage of the income. MV Oil Trust (MVO) is virtually a pure play on crude oil, with ~99% of its income coming from crude. The revenues from oil production are typically received by MV Partners one month after production....
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MV Oil Trust: 13% Yield, Crude Oil Play