April 7, 2014 (Chinavestor) The news is out. BP Prudhoe Bay Royal Trust (NYSE:BPT) is paying $3.009/share, ex dividend day is April 11. Given current price of $87.27, dividend yield is 12% plus.
When the market is losing momentum dividend stocks come to play. One of the highest dividend payer is BP Prudhoe Bay Royal Trust (NYSE:BPT). The trust is going to issue quarterly dividend within two weeks. Little wonder, investors want to be on the $3 or so dividend per share. Current price of $87.27 is up .77% from last Friday. Volume is all right but again, one just can't not notice the steady increase in price before dividend. See chart for yourself.