Hugoton Royalty Trust (HGT) Declares Dividend Increase – $0.01 Per Share
Hugoton Royalty Trust (NYSE:HGT) announced a monthly dividend on Friday, October 20th, Wall Street Journal reports. Shareholders of record on Tuesday, October 31st will be paid a dividend of 0.0069 per share by the oil and gas company on Tuesday, November 14th. This represents a $0.08 annualized dividend and a yield of 4.99%. The ex-dividend date of this dividend is Monday, October 30th. This is a positive change from Hugoton Royalty Trust’s previous monthly dividend of $0.00377.
Hugoton Royalty Trust has decreased its dividend payment by an average of 62.1% per year over the last three years.
Shares of Hugoton Royalty Trust (HGT) opened at 1.65 on Friday. The company has a market cap of $66.00 million, a price-to-earnings ratio of 13.52 and a beta of -0.16. Hugoton Royalty Trust has a 52 week low of $1.55 and a 52 week high of $2.55. The firm’s 50-day moving average price is $1.73 and its 200 day moving average price is $1.83.
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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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