NEW YORK ( TheStreet) -- The ex-dividend date for BP Prudhoe Bay Royalty (NYSE: BPT) is tomorrow, October 13, 2011. Owners of shares as of market close today will be eligible for a dividend of $1.96 per share. At a price of $109.90 as of 9:30 a.m. ET, the dividend yield is 7.2%. The average volume for BP Prudhoe Bay Royalty has been 123,000 shares per day over the past 30 days. BP Prudhoe Bay Royalty has a market cap of $2.3 billion and is part of the basic materials sector and energy industry. Shares are down 13.3% year to date as of the close of trading on Tuesday. 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 41.1, above the average energy industry P/E ratio of 12.2 and above the S&P 500 P/E ratio of 17.7.
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