Hugoton Royalty Trust (hgt) Raises Dividend to $0.02 Per Share

Hugoton Royalty Trust (NYSE:hgt) announced a monthly dividend on Tuesday, March 21st. Shareholders of record on Friday, March 31st will be given a dividend of 0.023 per share by the oil and gas company on Thursday, April 13th. This represents a $0.28 annualized dividend and a yield of 13.30%. The ex-dividend date is Wednesday, March 29th. This is a positive change from Hugoton Royalty Trust’s previous monthly dividend of $0.01.

Hugoton Royalty Trust has decreased its dividend payment by an average of 62.1% annually over the last three years.

Hugoton Royalty Trust (NYSE:HGT) remained flat at $2.05 during midday trading on Thursday. 125,361 shares of the company’s stock were exchanged. Hugoton Royalty Trust has a one year low of $1.48 and a one year high of $2.75. The firm has a 50-day moving average price of $1.90 and a 200 day moving average price of $2.07. The company has a market capitalization of $82.00 million, a P/E ratio of 44.57 and a beta of 0.73.

Dividend History for Hugoton Royalty Trust (NYSE:hgt)

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Hugoton Royalty Trust Company Profile

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.

5 Day Chart for NYSE:HGT

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