MV Oil Trust (NYSE:MVO) is to hand out its second distribution of the year. The energy trust will distribute a total of slightly over $10 million in profit on April 25 to unit holders as of April 15. That equates to $0.87 per unit.
The distribution is 28% higher than the company's previous payout, which totaled $7.82 million, or $0.68 per unit. Prior to that, MV Oil Trust handed out $8.625 million and $0.75, respectively.
Due to the company's trust structure, its distributions can vary from quarter to quarter, at times, significantly.
The new disbursement annualizes to $3.48 per share. That yields 12.8% at MV Oil Trust's current unit price of $27.24.
Fool contributor Eric Volkman has no position in MV Oil Trust. The Motley Fool has no position in MV Oil Trust. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.