dividend
confidence high
sentiment neutral
materiality 0.50
MV Oil Trust announces Q2 2022 distribution of $0.700 per unit
MV Oil Trust
- Distribution of $8,050,000 or $0.700 per unit payable July 25, 2022 to holders of record July 15, 2022.
- Volumes: 158,092 BOE; average price $102.11/BOE; gross proceeds $16,142,188.
- Net profits $10,843,038; Trust's 80% NPI yields $8,674,430 before expenses and reserves.
- Trustee withheld $421,668 to build cash reserve (total $632,502 withheld to date); target ~$1.265 million.
- Quarterly distribution reflects normal oil price and volume activity for the period.