Dividend Flows Change: BP Prudhoe Bay Royalty Trust (NYSE:BPT) advises to “Mark your calendars” for Oct 20, 2016; dividends expected to reach $0.68.

Dividend Flows Change: BP Prudhoe Bay Royalty Trust (NYSE:BPT) advises to

BP Prudhoe Bay Royalty Trust (NYSE:BPT) is expected to pay $0.68 on Oct 20, 2016. The indicated annual dividend is $2.72. Shareholders owning the stock before Oct 12, 2016 will be eligible to receive the payout. Based on BP Prudhoe Bay Royalty Trust’s current price of $21.35, the dividend is 3.18%. This dividend’s record date is Oct 16, 2016 and the announcement date is Oct 7, 2016. The stock increased 3.29% or $0.68 during the last trading session, hitting $21.35. BP Prudhoe Bay Royalty Trust (NYSE:BPT) has declined 28.26% since March 8, 2016 and is downtrending. It has underperformed by 37.58% the S&P500.

BP Prudhoe Bay Royalty Trust is a grantor trust. The company has a market cap of $479.39 million. The property of the Trust consists of an overriding royalty interest, and cash and cash equivalents held by the Trustee from time to time. It has a 7.49 P/E ratio. The Royalty Interest entitles the Trust to a royalty on approximately 16.42% of the lesser of first approximately 90,000 barrels of the average actual daily net production of crude oil and condensate per quarter from the working interest of BP Alaska, in the Prudhoe Bay oil field located on the North Slope in Alaska or the average actual daily net production of crude oil and condensate per quarter from that working interest.

More notable recent BP Prudhoe Bay Royalty Trust (NYSE:BPT) news were published by: Blogs.Wsj.com which released: “BP Prudhoe Bay Royalty Trust ‘Dying'” on March 21, 2016, also Fool.com with their article: “Read This Before You Buy BP Prudhoe Bay Royalty Trust Stock” published on April 07, 2016, Fool.com published: “The Worst Mistake BP Prudhoe Bay Royalty Trust Investors Can Make Right Now” on May 03, 2016. More interesting news about BP Prudhoe Bay Royalty Trust (NYSE:BPT) were released by: Fool.com and their article: “Is BP Prudhoe Bay Royalty Trust’s Sky-High Yield Worth Buying Today?” published on September 16, 2015 as well as Fool.com‘s news article titled: “Will $50 Oil Save BP Prudhoe Bay Royalty Trust?” with publication date: June 01, 2016.

BPT Company Profile

BP Prudhoe Bay Royalty Trust, incorporated on February 21, 1989, is a grantor trust. The property of the Trust consists of an overriding royalty interest (the Royalty Interest), and cash and cash equivalents held by the Trustee from time to time. The Royalty Interest entitles the Trust to a royalty on approximately 16.42% of the lesser of first approximately 90,000 barrels of the average actual daily net production of crude oil and condensate per quarter from the working interest of BP Alaska, in the Prudhoe Bay oil field located on the North Slope in Alaska or the average actual daily net production of crude oil and condensate per quarter from that working interest. The Prudhoe Bay field is one of four contiguous North Slope oil fields that are operated by BP Alaska and are known collectively as the Prudhoe Bay Unit.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment