6 High-Yield Dividend Stocks for a Portfolio Boost
Todd Johnson submits:
BP Prudhoe Bay Royalty Trust (BPT)
BPT holds royalty interests in Alaska's Prudhoe Bay oil field. The area has approximately 150,000 productive acres. BPT continues to provide a steady stream of income via quarterly dividends. The fund is a U.S. Royalty Trust. U.S. Trusts are assumed to dissolve when assets are depleted. Investors should focus upon the oil production and the noted life span. Per BPT's 10K, "... the Trust will terminate: (i) on or before December 31, 2010 if holders of at least 70% of the outstanding Units vote to terminate the Trust, or (ii) after December 31, 2010 if either (a) holders of at least 60% of the outstanding Units vote to terminate the Trust or (b) the net revenues from the Royalty Interest for two successive years commencing after 2010 are less than $1,000,000 per year (unless the net revenues during the two-year period have been materiallyComplete Story »
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