Hugoton Royalty Trust(NYSE:HGT) Declares Dividend of $0.0066.

Hugoton Royalty Trust (NYSE:HGT) had declared a cash dividend of $0.0066 on Aug 19, 2016. The shares will quote ex-dividend on Aug 29, 2016 and the record date has been fixed for Aug 31, 2016. On Aug 19, 2016 share price, the yield comes out to be 3.6164%. The dividend payable date has been fixed on Sep 15, 2016.

Hugoton Royalty Trust (HGT) made into the market gainers list on Mondays trading session with the shares advancing 0.32% or 0.0067 points. Due to strong positive momentum, the stock ended at $2.11, which is also near the day’s high of $2.11. The stock began the session at $2.11 and the volume stood at 38,032 shares. The 52-week high of the shares is $3.58 and the 52 week low is $0.9801. The company has a current market capitalization of $84 M and it has 4,00,00,000 shares in outstanding.

Hugoton Royalty Trust is an express trust. The Company is created pursuant to the Hugoton Royalty Trust Indenture between XTO Energy Inc. as grantor and NationsBank N.A. as trustee. XTO Energy conveyed to the Company 80% interests in certain natural gas producing working interest properties in Kansas Oklahoma and Wyoming. Its properties are gas-producing properties located in the Hugoton area of Oklahoma and Kansas the Anadarko Basin of Oklahoma and the Green River Basin of Wyoming. XTO Energy operates approximately 95% of the properties. The Company’s Hugoton area is a domestic natural gas producing area. XTO Energy is a producer in the Ringwood Northwest Okeene and Cheyenne Valley fields of Major County the Northeast Cedardale field of Woodward County and the Elk City field of Beckham County the producing region in the Anadarko Basin. The Green River Basin is located in southwestern Wyoming. The producing reservoirs are the Frontier Baxter and Dakota sandstones.

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