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This royalty trust was run by a bank till recently when the bank off loaded the work of managing it to a small trust management company called Argent and coincidently the payout disappeared. Argent claimed several expenses that ate it. Most voted against the change and it took months to get enough votes. I saw the writing on the wall and sold out of it. Argent has effectively killed the golden goose and feasted on it. This is my last post.
Good luck to all
It was great while it lasted, but won't touch it anymore.
-pete
Looks like about 50% is taxable with ndmo 
p.s. check your ignore/follow setting and unblock for PM
plus you are allowed PM on Fridays during happy hour.
Still watching from the sidelines.
The change from bank managed Royalty Trust run on banking ethics to a Trust Agency Company makes me suspicious that they find ways to charge the trust more than a bank would. Hope I am wrong and it comes back to at least a dime payout.
We should know more in a week.
Stay tuned
-pete
--- for those who bought the other RT, It is holding up very well and will announce soon the quarterly payout. I have added there as well. These should mirror the Natural Gas price chart. Most think it is going cycle to up as it does every year.
Good posts today, Correctly done DD. Thanks everyone... I was hoping more longs would join the discussion so I put as much info together and posted it in 4 posts to be added as moderator. I discovered why it stopped paying, and when they called with the proxy I voted no. I believe the Texas owner W/6+mm did also. They got it approved to change to Argent Trust Co. from Simmons Bank, but no change to the basic pay formula was approved in the proxy.
A rare find and under the radar for all the right reasons. We are going to be rewarded while Exxon Mobile will be supplying these energy royalties. I believe they will be happy sending the energy to expensive California too via pipeline. If they offer the guy in Texas enough for his 6mm shares they could proxy a buyout, but as posted out it will be at least 10X the .20 attempt back then.
Each month I plan to add shares while it dips between payouts and sell a portion that are green above the amount of payout up to the 2 days prior Ex date (which includes the settlement period). I sold today on the rise due to Monday being Ex date and shares bought today won't be "settled": till after it trades Monday. Check with your brokerage for more information. My cost basis went from 1.85 on 50K shares to .60 this week, on 20K left by taking profit.
I found an even better RT but only because it is set up like an MLP. Non taxed payouts... There is no ihub board so I will share in PM as per request. I prefer it stays with longs. If volume ever goes to 7 figures daily it won't matter. This one had two days above 600K volume this week.
Diamonds in the rough.
GLTA!
-Pete
I was wondering when this board would start to wake up.
I'm still a bit baffeled that there is such low volume when the ex-date has already been annonced and even at $2.02, $0.1201 is almost 6% in one month. It's hard to find that kind of return in a year.
If they can put out over $0.12 per share when natural gas prices are down, what will the divi be if nat gas goes up?
Loving this stock so far.
One person in Texas holds over 6 million shares. I am guessing they were lobbied heavily regarding the recent proxy vote.
No worries
Monthly royalty trusts in certain regions and positioned by their history coming out of a class action payout ending, will continue to pay imo, so follow the underlying commodity price and the amount will mirror the % move.
HGTXU is one
-pete
Low volume under the radar high yield no board of directors paying themselves
80% yield works for me!
I'm not sure what's going on here either.
Seems like there would be a lot to talk about now that a $1.60 stock is paying a 68% anual dividend based on this month's $.091 distribution.
It also pays its dividend monthly and this month it's about 5.7%.
Good luck finding anything paying that in a year, let alone a month.
At least it will keep the shorts away.
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