Mesa Royalty Trust
MTREnergy · Stock · monthly payer
Forward Yield
9.99%
Annual Dividend
$0.25
Payout Ratio
90%
5-Yr Growth
-8.9%
Ex-Date
May 29, 2026
Frequency
Monthly
Summary
As of September 2026, Mesa Royalty Trust (MTR) yields 9.99% ($0.25 per share annually), with a blended fair-value estimate of $3.24 — +25% upside, so it screens as undervalued. Dividend safety grade: C (54/100). 1 years of dividend growth.
Is MTR a good dividend stock?
MixedMesa Royalty Trust (MTR) pays a monthly dividend yielding 9.99% ($0.25/yr), with 1 year 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
Risks
- Cut its dividend in 2025
- Elevated payout ratio (90%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 9.99%
- Payout Ratio
- 90%
- Annual Dividend
- $0.25
- 5-Yr Avg Growth
- -8.9%
- Ex-Dividend Date
- May 29, 2026
- Years of Growth
- 1
- Frequency
- monthly
- Beta
- 0.42
- Market Cap
- $4.6M
- P/E Ratio
- 12.3
- 5-Yr Total Return
- -57%
- 52-Week Range
- $2.17 – $5.83
- Dividend Safety
- C · 54/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
MTR Price — Last 12 Months
Daily close
Price Return
1 Year
-54%
3 Years
-84%
5 Years
-57%
52-Week Range
$2.17 – $5.83
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MTR worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Mesa Royalty Trust is $3.24 per share, versus a market price of $2.60. That implies 25% of upside — a margin of safety of about 20%.
Fair Value
$3.24
Current Price
$2.60
Upside
+25%
Margin of Safety
20%
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 -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.20 EPS, $0.25 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MTR 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 |
|---|---|---|---|
| May 29, 2026 | — | $0.0250 | regular |
| Apr 30, 2026 | — | $0.0400 | regular |
| Mar 31, 2026 | — | $0.0060 | regular |
| Jan 30, 2026 | — | $0.0020 | regular |
| Dec 31, 2025 | — | $0.0190 | regular |
| Nov 28, 2025 | — | $0.0300 | regular |
| Oct 31, 2025 | — | $0.0180 | regular |
| Sep 30, 2025 | — | $0.0020 | regular |
| Aug 29, 2025 | — | $0.0090 | regular |
| Jul 31, 2025 | — | $0.0270 | regular |
| Jun 30, 2025 | — | $0.0380 | regular |
| May 30, 2025 | — | $0.0320 | regular |
| Apr 30, 2025 | — | $0.0250 | regular |
| Mar 31, 2025 | — | $0.0300 | regular |
Income Calculator
At $0.25 / yr per share
