BP Prudhoe Bay Royalty Stock To Go Ex-dividend Tomorrow (BPT)
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., the dividend yield is 7.2%.
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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TheStreet Ratings rates BP Prudhoe Bay Royalty as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, revenue growth, growth in earnings per share and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full BP Prudhoe Bay Royalty Ratings Report. See our dividend calendar or top-yielding stocks list.