Why Shares of BP Prudhoe Bay Royalty Trust Fell 36.6% in July
Shares of BP Prudhoe Bay Royalty Trust (NYSE: BPT) -- the entity that derives income from oil major BP's (NYSE: BP) drilling activities in Alaska's Prudhoe Bay -- fell 36.6% in July, according to data provided by S&P Global Market Intelligence.
The stock's fall, combined with a dividend increase over the prior quarter, helped to boost the trust's dividend yield to an astonishing 36.8%. However, don't rush out and buy shares based on that number. There's a lot of context you need to know.
BP Prudhoe Bay Royalty Trust has a top yield, but it may not last long. Image source: Getty Images.
Source Fool.com
