Boston, MA 05/29/2013 (wallstreetpr) – Dominion Resources Black Warrior Trust (NYSE:DOM) formed to acquire and hold certain overriding royalty interests in the natural gas properties had declined in its share prices. The shares of the trust had been trading in the range of $4.85 to $5.80 per share during the day before closing at $5.06 per share. This was observed to be decline of 10.49 percent over the closing price of Dominion Resources Black Warrior Trust (NYSE:DOM) for the previous trading session.
Dominion Resources Black Warrior Trust (NYSE:DOM) had recently announced the cash distribution of $0.146878 per unit to its shareholders, which would be payable on June 7, 2013 to unit holders on the record as on May 30, 2013. The grantor trust basically involves in acquiring royalties over burdening natural gas properties in the Pottsville coal formation of the Black Warrior Basin, Tuscaloosa County, Alabama. The natural gas properties of the region are owned by Black Warrior Basin LLC.
The royalty interests owned by Dominion Resources Black Warrior Trust (NYSE:DOM) in the natural gas properties entitle the trust to receive 65 percent of the company’s gross proceeds derived from the Company interests.
The shares of Dominion Resources Black Warrior Trust (NYSE:DOM) had recorded 52 week low price level of $2.85 per unit and 52 week high price level of $9.08 per unit. The trust presently holds 7.85 million share units outstanding with an institutional ownership of 2 percent of the holdings. The average trading volume for the trust is at 42,794 units per day.
