07.10.2022 - BP Prudhoe Bay Royalty Trust (NYSE: BPT) announced that unitholders will receive a dividend for the quarter ended September 30, 2022. The dividend information is as follows: Ex-Dividend Date: October 14, 2022 Record Date: October 17, 2022 Payable .
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BPT has huge operating leverage to the oil price as it does not hedge. When pricing the future dividends as a series of call options, it trades at a steep discount to fair value of over 50%.