Pacific Coast Oil Trust (ROYT) Plans Dividend Increase – $0.01 Per Share

Pacific Coast Oil Trust (NYSE:ROYT) declared a monthly dividend on Wednesday, November 1st, Wall Street Journal reports. Shareholders of record on Friday, November 10th will be paid a dividend of 0.0126 per share by the oil and gas producer on Monday, November 27th. This represents a $0.15 dividend on an annualized basis and a yield of 9.19%. The ex-dividend date is Thursday, November 9th. This is an increase from Pacific Coast Oil Trust’s previous monthly dividend of $0.00117.

Pacific Coast Oil Trust has decreased its dividend by an average of 85.1% per year over the last three years. Pacific Coast Oil Trust has a dividend payout ratio of 5.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Pacific Coast Oil Trust to earn $0.28 per share next year, which means the company should continue to be able to cover its $0.01 annual dividend with an expected future payout ratio of 3.6%.

TRADEMARK VIOLATION WARNING: This piece was published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://www.com-unik.info/2017/11/01/pacific-coast-oil-trust-royt-plans-dividend-increase-0-01-per-share.html.

A number of equities analysts have recently weighed in on ROYT shares. Stifel Nicolaus downgraded Pacific Coast Oil Trust from a “buy” rating to a “hold” rating and dropped their target price for the company from $2.00 to $1.50 in a report on Thursday, July 13th. Zacks Investment Research upgraded Pacific Coast Oil Trust from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th.

Pacific Coast Oil Trust Company Profile

Pacific Coast Oil Trust is a statutory trust formed by Pacific Coast Energy Company LP (PCEC). The Trust is engaged in acquiring and holding net profits and royalty interests in certain oil and natural gas properties located in California for the benefit of the Trust unitholders. The Underlying Properties consist of producing and non-producing interests in oil units, wells and lands located onshore in California in the Santa Maria Basin, which contains PCEC’s Orcutt properties, and the Los Angeles Basin, which contains PCEC’s West Pico, East Coyote and Sawtelle properties.

Dividend History for Pacific Coast Oil Trust (NYSE:ROYT)

What are top analysts saying about Pacific Coast Oil Trust? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Pacific Coast Oil Trust and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit