BP Prudhoe Bay Royalty Trust (NYSE:BPT) declared a quarterly dividend on Monday, January 8th, Zacks reports. Stockholders of record on Friday, January 19th will be paid a dividend of 1.23 per share by the oil and gas company on Monday, January 22nd. This represents a $4.92 dividend on an annualized basis and a dividend yield of 18.81%. The ex-dividend date is Thursday, January 18th. This is a positive change from BP Prudhoe Bay Royalty Trust’s previous quarterly dividend of $0.68.

BP Prudhoe Bay Royalty Trust has decreased its dividend by an average of 30.2% per year over the last three years.

BP Prudhoe Bay Royalty Trust (BPT) opened at $26.15 on Friday. BP Prudhoe Bay Royalty Trust has a one year low of $15.00 and a one year high of $32.95. The stock has a market cap of $538.21, a PE ratio of 7.26 and a beta of -0.56.

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About BP Prudhoe Bay Royalty Trust

BP Prudhoe Bay Royalty Trust 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 16.4% of the lesser of the first 90,000 barrels of the average actual daily net production of crude oil and condensate per quarter from the working interest of BP Exploration (Alaska) Inc (BP Alaska) as of February 28, 1989 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.

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

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