Reported 2 days ago
MV Oil Trust (NYSE:MVO) has recently gained 6.1% despite a challenging energy market marked by a significant decline in crude oil prices and ongoing trade tensions. The company raised its dividend by 14.6% to $0.275, achieving a robust annual yield of 21.86%. However, MVO's stock price is still down over 44% compared to the previous year, as the energy sector faces scrutiny following President Trump's initiatives to boost coal production and the broader economic impact of current trade wars.
Source: YAHOO