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To: edward miller who wrote (27552)8/21/2000 12:25:12 PM
From: Kip518  Read Replies (1) | Respond to of 42787
 
The 10% (monthly) is a mis-statement IMO. I have some of HGT. They pay a monthly cash dividend which works out to be about a 10% dividend, on an annual basis.

The last payment was just over $0.10, and it increases every month, and will for a long time. The stock is selling around $12. Therefore a minimum of $1.20 in cash payout in the next year is 10% of the current price.


ed, calculate this --

August 21, 2000 11:45

Hugoton Royalty Trust Declares Cash Distribution

GALLAS, Aug. 21 /PRNewswire/ -- Bank of America, N.A.,as Trustee of the Hugoton Royalty Trust (NYSE: HGT), today declared a cash distribution to the holders of its units of beneficial interest of $0.170475 per unit, payable on September 15, 2000, to unit holders of record on August 31, 2000.
SOURCE Hugoton Royalty Trust