dividend
confidence high
sentiment neutral
materiality 0.30
Mesa Royalty Trust declares October 2023 distribution of $0.017 per unit
MESA ROYALTY TRUST/TX
- Distribution of $0.017092459 per unit; record date Oct 31, 2023; payable Jan 31, 2024.
- Trust received $47,447 from New Mexico San Juan Basin properties operated by Hilcorp; no income from other owners.
- After admin expenses, distributable net profits were $31,853.
- Distributions expected to be materially reduced until cash reserves reach $2.0 million.
- Excess production costs may eliminate distributions in some future periods.