BP Prudhoe Bay Royalty Trust (NYSE:BPT) declared a quarterly dividend on Friday, July 5th, Fidelity reports. Stockholders of record on Tuesday, July 16th will be paid a dividend of 0.551 per share by the oil and gas company on Monday, July 22nd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 13.89%. The ex-dividend date of this dividend is Monday, July 15th.
BP Prudhoe Bay Royalty Trust has decreased its dividend payment by an average of 3.4% annually over the last three years and has increased its dividend annually for the last 2 consecutive years.
Shares of BPT stock opened at $15.87 on Friday. The company has a fifty day simple moving average of $16.62. BP Prudhoe Bay Royalty Trust has a 52 week low of $14.43 and a 52 week high of $37.23. The stock has a market cap of $339.62 million, a P/E ratio of 3.14 and a beta of -0.10.
Separately, TheStreet raised shares of Telefonaktiebolaget LM Ericsson from a “c” rating to a “b” rating in a research note on Monday, July 8th.
BP Prudhoe Bay Royalty Trust Company Profile
BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. The company holds overriding royalty interest comprising a non-operational interest in minerals in the Prudhoe Bay oil field located on the North Slope of Alaska. The Prudhoe Bay field extends approximately 12 miles by 27 miles and contains approximately 150,000 gross productive acres.
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