Pacific Coast Oil Trust Plans Monthly Dividend of $0.02 (NYSE:ROYT)

Pacific Coast Oil Trust (NYSE:ROYT) declared a monthly dividend on Thursday, July 25th, Fidelity reports. Shareholders of record on Monday, August 5th will be given a dividend of 0.0207 per share by the oil and gas producer on Monday, August 19th. This represents a $0.25 dividend on an annualized basis and a yield of 11.39%. The ex-dividend date of this dividend is Friday, August 2nd.

Pacific Coast Oil Trust has raised its dividend by an average of 8.0% per year over the last three years and has increased its dividend every year for the last 2 years. Pacific Coast Oil Trust has a payout ratio of 206.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Pacific Coast Oil Trust to earn $0.08 per share next year, which means the company may not be able to cover its $0.33 annual dividend with an expected future payout ratio of 412.5%.

NYSE ROYT traded down $0.02 on Wednesday, reaching $2.19. 26,201 shares of the company were exchanged, compared to its average volume of 159,438. The firm has a fifty day simple moving average of $2.15. The company has a market cap of $83.72 million, a PE ratio of 6.62 and a beta of 2.07. Pacific Coast Oil Trust has a fifty-two week low of $1.48 and a fifty-two week high of $2.95.

Pacific Coast Oil Trust (NYSE:ROYT) last released its quarterly earnings data on Wednesday, May 1st. The oil and gas producer reported $0.05 earnings per share for the quarter. The company had revenue of $11.60 million for the quarter. Pacific Coast Oil Trust had a return on equity of 5.41% and a net margin of 21.05%. Equities research analysts expect that Pacific Coast Oil Trust will post 0.22 EPS for the current year.

Pacific Coast Oil Trust Company Profile

Pacific Coast Oil Trust acquires and holds net profits and royalty interests in various oil and natural gas properties located in California. Its properties include Orcutt properties located in the Santa Maria Basin; and West Pico, East Coyote, and Sawtelle properties located in the Los Angeles Basin of California.

Recommended Story: What is the return on assets formula?

Dividend History for Pacific Coast Oil Trust (NYSE:ROYT)

Receive News & Ratings for Pacific Coast Oil Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific Coast Oil Trust and related companies with MarketBeat.com's FREE daily email newsletter.