Thursday, July 29, 2010 4:15:58 PM
United States Royalty Trusts, which differ from their Canadian cousins, generate dividend income from the development of natural resources such as coal, natural gas, and crude oil.
Designed to be strictly finance vehicles with no production operations, the cash flows generated are subject to the prices of the underlying commodity. Their structure requires them to pay out almost all their royalty income as unit holder distributions. The average dividend yield is in the seven to thirteen percent range. Here are a few examples.
While BP (BP) is in the dog house, its BP Prudhoe Bay Royalty Trust (BPT) is one of the largest oil fields around. The trust currently yields 9 percent.
The Mesabi Trust (MSB) is a great way to play the growth in infrastructure. The trust owns interests in various iron ore properties in the Mesabi Iron Range and yields over 14 percent.
The increased usage of natural gas as both a transportation fuel and electricity generator will benefit shareholders in the Permian Basin Royalty Trust (PBT). The units currently yield 7.3 percent.
Recent BPT News
- BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the First Quarter of 2024 • Business Wire • 04/05/2024 08:10:00 PM
- BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the Fourth Quarter of 2023 • Business Wire • 01/05/2024 09:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/05/2024 09:05:57 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 09:05:51 PM
- BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the Third Quarter of 2023 • Business Wire • 10/05/2023 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/05/2023 08:05:57 PM
- Bridgepoint Adds $20bn Infrastructure Strategy, as Energy Capital Partners Joins Platform to Build €57bn Global Alternatives Asset Manager • Business Wire • 09/06/2023 06:59:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/09/2023 08:08:50 PM
- BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the Second Quarter of 2023 • Business Wire • 07/06/2023 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/06/2023 08:05:49 PM
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