Hugoton Royalty Trust (HGT) to Issue Monthly Dividend of $0.01 on September 15th
Hugoton Royalty Trust (NYSE:HGT) declared a monthly dividend on Monday, August 21st, NASDAQ reports. Shareholders of record on Thursday, August 31st will be given a dividend of 0.006 per share by the oil and gas company on Friday, September 15th. This represents a $0.07 annualized dividend and a yield of 4.24%. The ex-dividend date is Tuesday, August 29th. This is an increase from Hugoton Royalty Trust’s previous monthly dividend of $0.00257.
Hugoton Royalty Trust has decreased its dividend by an average of 62.1% annually over the last three years.
Hugoton Royalty Trust (NYSE:HGT) opened at 1.70 on Monday. Hugoton Royalty Trust has a 1-year low of $1.55 and a 1-year high of $2.75. The firm’s 50-day moving average price is $1.79 and its 200 day moving average price is $1.86. The firm has a market capitalization of $68.00 million, a price-to-earnings ratio of 13.93 and a beta of -0.22.
About Hugoton Royalty Trust
Hugoton Royalty Trust is an express trust. The Company is created pursuant to the Hugoton Royalty Trust Indenture between XTO Energy Inc, as grantor, and NationsBank, N.A., as trustee. Southwest Bank is now the trustee of the trust of the Company. XTO Energy is a subsidiary of Exxon Mobil Corporation.
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