Marine Petroleum Trust
MARPSEnergy · Stock · quarterly payer
Forward Yield
7.69%
Annual Dividend
$0.34
Payout Ratio
106%
5-Yr Growth
14.3%
Ex-Date
Aug 31, 2026
Frequency
Quarterly
Summary
As of September 2026, Marine Petroleum Trust (MARPS) yields 7.69% ($0.34 per share annually), with a blended fair-value estimate of $11.19 — +157% upside, so it screens as undervalued. Dividend safety grade: C (54/100).
Is MARPS a good dividend stock?
MixedMarine Petroleum Trust (MARPS) pays a quarterly dividend yielding 7.69% ($0.34/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 14.3% 5-yr dividend growth
Risks
- Cut its dividend in 2025
- Elevated payout ratio (106%)
Key Data
- Dividend Yield
- 7.69%
- Payout Ratio
- 106%
- Annual Dividend
- $0.34
- 5-Yr Avg Growth
- 14.3%
- Ex-Dividend Date
- Aug 31, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.37
- Market Cap
- $8.9M
- P/E Ratio
- 14.3
- 5-Yr Total Return
- 4%
- 52-Week Range
- $4.05 – $6.49
- Dividend Safety
- C · 54/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
MARPS Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
-15%
5 Years
+4%
52-Week Range
$4.05 – $6.49
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MARPS worth?
Undervaluedlow confidenceOur blended fair-value estimate for Marine Petroleum Trust is $11.19 per share, versus a market price of $4.36. That implies 157% of upside — a margin of safety of about 61%.
Fair Value
$11.19
Current Price
$4.36
Upside
+157%
Margin of Safety
61%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $0.30 EPS, $0.34 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MARPS Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 31, 2026 | — | $0.0950 | regular |
| May 29, 2026 | — | $0.0960 | regular |
| Feb 27, 2026 | — | $0.1020 | regular |
| Nov 28, 2025 | — | $0.0490 | regular |
| Aug 29, 2025 | — | $0.0680 | regular |
| May 30, 2025 | — | $0.1110 | regular |
| Feb 28, 2025 | — | $0.0770 | regular |
| Nov 29, 2024 | — | $0.1030 | regular |
| Aug 30, 2024 | — | $0.0950 | regular |
| May 31, 2024 | — | $0.0560 | regular |
| Feb 28, 2024 | — | $0.1020 | regular |
| Nov 29, 2023 | — | $0.0840 | regular |
| Aug 30, 2023 | — | $0.1220 | regular |
| May 30, 2023 | — | $0.1100 | regular |
Income Calculator
At $0.34 / yr per share
