Pacific Coast Oil Trust (ROYT) has been named as a Top 10 dividend paying energy stock, according to Dividend Channel, which published its weekly ''DividendRank'' report. The report noted that among energy companies, ROYT shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent ROYT share price of $12.53 represents a price-to-book ratio of 1.9 and an annual dividend yield of 12.29% — by comparison, the average energy stock in Dividend Channel's coverage universe yields 4.8% and trades at a price-to-book ratio of 2.7. The report also cited the strong monthly dividend history at Pacific Coast Oil Trust, and favorable long-term multi-year growth rates in key fundamental data points.
Why Pacific Coast Oil Trust Is a Top 10 Energy Dividend Stock (ROYT)
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