Pacific Coast Oil Trust (ROYT) Raises Monthly Dividend 26.2% to $0.00775; 2.4% Yield
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Pacific Coast Oil Trust Announces April Cash Distribution
March 23, 2015 4:15 PM EDTAUSTIN, Texas--(BUSINESS WIRE)-- PACIFIC COAST OIL TRUST (NYSE: ROYT) (the Trust) a perpetual royalty trust formed by Pacific Coast Energy Company LP (PCEC), announced today a cash distribution to the holders of its units of beneficial interest of $0.00775 per unit, payable on April 14, 2015, to unitholders of record on April 6, 2015. The Trusts distribution relates to net profits and overriding royalties generated during February 2015 as provided in the conveyance of net profits and overriding royalty interest.
This months distribution of $0.3 million is 26% higher than the previous month ($0.00775 per unit vs. $0.00614 per unit) principally due... More
