BP Prudhoe Bay Royalty Trust (NYSE:BPT) announced a quarterly dividend on Friday, July 5th, Fidelity reports. Shareholders 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 annualized dividend and a dividend yield of 13.89%. The ex-dividend date is Monday, July 15th.
BP Prudhoe Bay Royalty Trust has decreased its dividend payment by an average of 3.4% per year over the last three years and has increased its dividend every year for the last 2 years.
Shares of NYSE BPT opened at $15.87 on Friday. BP Prudhoe Bay Royalty Trust has a 12-month low of $14.43 and a 12-month high of $37.23. The stock has a market capitalization of $342.40 million, a P/E ratio of 3.16 and a beta of -0.10. The firm has a 50-day simple moving average of $16.62.
Separately, TheStreet raised shares of Telefonaktiebolaget LM Ericsson from a “c” rating to a “b” rating in a report on Monday, July 8th.
About BP Prudhoe Bay Royalty Trust
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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