Comment on Shares of BP Prudhoe Bay Royalty Trust Tank After Dividend Disbursement

Shares of BP Prudhoe Bay Royalty Trust Tank After Dividend Disbursement

Shares of oil and gas royalty trust BP Prudhoe Bay Royalty Trust (NYSE: BPT) are down 11% as of 11:30 a.m. EDT today. The apparent reason for the sell-off is that investors are cashing out after receiving their most recent dividend payment. It isn't uncommon to see shares of a high-yield stock drop after a dividend is paid.

 

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