Forget BP Prudhoe Bay Royalty Trust: Here Are 3 Better Dividend Stocks [The Motley Fool]
BP Prudhoe Bay Royalty Trust (BPT)
US:NYSE Investor Relations:
bpt.investorhq.businesswire.com
Company Research
Source: The Motley Fool
While the 20% yield looks tempting, it’s not sustainable. Last month, BP Prudhoe Bay Royalty Trust ( NYSE:BPT ) announced that it was paying a dividend of $1.38 per unit for the third quarter. With units of the royalty trust currently selling for about $26 apiece, that implies an annualized yield of more than 20%. While that payout likely has income-seeking investors salivating, they need to realize that it's not sustainable over the long term. That's because based on current reserve projections and oil prices, royalty payments from the Trust are projected to cease after 2019, according to its latest annual report. Because of that, income investors should forget about BP Prudhoe Bay Royalty Trust. Instead, they should consider Crestwood Equity Partners ( NYSE:CEQP ) , Enterprise Products Partners ( NYSE:EPD ) , and MPLX ( NYSE:MPLX ) . Not only do all three of these energy companies offer above-average payouts, but they're likely to rise in the comi
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Sec Filings
- 4/5/24 - Form 8-K
- 3/14/24 - Form 10-K
- BPT's page on the SEC website