BP Prudhoe Bay Royalty Trust (NYSE:BPT)
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The Company operates as a grantor trust.
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The Company operates as a grantor trust.
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The dividend reported on many sites such as yahoo is way too high. They multiplied last Q4 by 4. That Q had a 1 time earn out due to legal proceedings, leaving a 14% yield when it should be around 8%. Ex div comes within 2 weeks, not only will you get the normal ex-div loss, but you'll get a lot of people wondering why the yield went down so sharply. Price will fall below 90.
AuMatar, I would like to know more about your comments re: BPT. Are you saying that the dividends will drop sharply from this point, thus stock price also?