Headlines about BP Prudhoe Bay Royalty Trust (NYSE:BPT) have been trending somewhat positive on Saturday, Accern reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. BP Prudhoe Bay Royalty Trust earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 44.0092963648775 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
BP Prudhoe Bay Royalty Trust (NYSE BPT) opened at $21.10 on Friday. BP Prudhoe Bay Royalty Trust has a 52-week low of $15.00 and a 52-week high of $31.20. The stock has a market capitalization of $444.05, a P/E ratio of 5.86 and a beta of -0.62.
The firm also recently announced a quarterly dividend, which was paid on Monday, January 22nd. Shareholders of record on Friday, January 19th were given a dividend of $1.23 per share. This is a boost from BP Prudhoe Bay Royalty Trust’s previous quarterly dividend of $0.68. The ex-dividend date was Thursday, January 18th. This represents a $4.92 annualized dividend and a yield of 23.32%. BP Prudhoe Bay Royalty Trust’s payout ratio is presently 136.67%.
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.
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