BP Prudhoe Bay Royalty Trust(NYSE:BPT) Declares Dividend of $0.6850.

BP Prudhoe Bay Royalty Trust (NYSE:BPT) had declared a cash dividend of $0.6850 on Jul 6, 2016. The shares will quote ex-dividend on Jul 14, 2016 and the record date has been fixed for Jul 16, 2016. On Jul 6, 2016 share price, the yield comes out to be 15.6930%. The dividend payable date has been fixed on Jul 20, 2016.

BP Prudhoe Bay Royalty Trust (BPT) shares turned negative on Mondays trading session with the shares closing down -0.52 points or -2.83% at a volume of 5,08,219. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.89. The peak price level was also seen at $18.89 while the days lowest was $17.6. Finally the shares closed at $17.85. The 52-week high of the shares is $61.2785 while the 52-week low is $11.29. According to the latest information available, the market cap of the company is $382 M.

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 16.42% of the lesser of the first 90000 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. The trustees of the Trust are The Bank of New York Mellon Trust Company N.A. and BNY Mellon Trust of Delaware a Delaware banking corporation. BNY Mellon Trust of Delaware serves as co-trustee.

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