BP Prudhoe Bay Royalty Trust (NYSE:BPT) Plans Dividend Increase – $0.42 Per Share

BP Prudhoe Bay Royalty Trust (NYSE:BPT) declared a quarterly dividend on Friday, January 3rd, Zacks reports. Investors of record on Friday, January 17th will be paid a dividend of 0.424 per share by the oil and gas company on Tuesday, January 21st. This represents a $1.70 dividend on an annualized basis and a yield of 18.43%. The ex-dividend date of this dividend is Thursday, January 16th. This is a boost from BP Prudhoe Bay Royalty Trust’s previous quarterly dividend of $0.34.

BP Prudhoe Bay Royalty Trust has decreased its dividend by an average of 13.1% annually over the last three years and has raised its dividend annually for the last 2 consecutive years.

Shares of BPT stock opened at $9.20 on Wednesday. BP Prudhoe Bay Royalty Trust has a 12-month low of $5.60 and a 12-month high of $28.19. The firm has a market capitalization of $184.04 million, a price-to-earnings ratio of 2.62 and a beta of -0.21. The business has a 50 day simple moving average of $7.04 and a 200 day simple moving average of $8.94.

BP Prudhoe Bay Royalty Trust (NYSE:BPT) last issued its quarterly earnings data on Tuesday, November 12th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter. BP Prudhoe Bay Royalty Trust had a return on equity of 8,970.12% and a net margin of 98.37%. The business had revenue of $12.16 million during the quarter.

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.

Read More: Do You Need a Fiduciary?

Dividend History for BP Prudhoe Bay Royalty Trust (NYSE:BPT)

Receive News & Ratings for BP Prudhoe Bay Royalty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP Prudhoe Bay Royalty Trust and related companies with MarketBeat.com's FREE daily email newsletter.