BP Prudhoe Bay Royalty Stock To Go Ex-dividend Tomorrow (BPT)

NEW YORK (TheStreet) -- The ex-dividend date for BP Prudhoe Bay Royalty (NYSE:BPT) is tomorrow, April 13, 2011. Owners of shares as of market close today will be eligible for a dividend of $2.39 per share. At a price of $116.72 as of 9:51 a.m. ET, the dividend yield is 7.8%.

The average volume for BP Prudhoe Bay Royalty has been 221,900 shares per day over the past 30 days. BP Prudhoe Bay Royalty has a market cap of $2.6 billion and is part of the basic materials sector and energy industry. Shares are down 3.7% year to date as of the close of trading on Monday.

BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. The company holds overriding royalty interests constituting a non-operational interest in minerals in the Prudhoe Bay oil field located on the North Slope in Alaska. The company has a P/E ratio of 46.6, above the average energy industry P/E ratio of 12.4 and above the S&P 500 P/E ratio of 16.6.

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TheStreet Ratings rates BP Prudhoe Bay Royalty as buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full BP Prudhoe Bay Royalty Ratings Report.

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