BP Prudhoe Bay Royalty Trust (NYSE:BPT) traded down 0.23% during midday trading on Monday, reaching $21.30. The company had a trading volume of 411,151 shares. BP Prudhoe Bay Royalty Trust has a 12 month low of $11.29 and a 12 month high of $45.60. The stock has a market cap of $455.80 million, a P/E ratio of 7.48 and a beta of 0.06. The firm has a 50-day moving average of $18.06 and a 200-day moving average of $16.18.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Sunday, October 16th will be given a $0.6793 dividend. This represents a $2.72 annualized dividend and a dividend yield of 12.76%. The ex-dividend date of this dividend is Wednesday, October 12th. BP Prudhoe Bay Royalty Trust’s payout ratio is 96.48%.
BP Prudhoe Bay Royalty Trust Company Profile
BP Prudhoe Bay Royalty Trust is a grantor trust. The property of the Trust consists of an overriding 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.
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