dividend
confidence high
sentiment negative
materiality 0.60
Mesa Royalty Trust June distribution $0.1362/unit; warns of reduced payouts until $2M reserve
MESA ROYALTY TRUST/TX
- June 2023 distribution of $0.136162501 per unit; record date June 30, payable July 31.
- Trust received $300,329 from San Juan Basin properties operated by Hilcorp; no other income.
- Distributable net profits after reserves and expenses: $253,751.
- Trust warns distributions will be materially reduced until cash reserves reach $2.0 million.