You will need 6.5 years dividends like that to make up for the lost underlying value of the stock since the stock's high about ayear ago. And at that point you've only broken even - doesn't consider the lost capital due to time value of money.... Sounds like junk to me.
That many sheres of this company were worth about $812,000 about a year ago - now $480,000 - a loss of well over $330,000. I'd say a lowsy dividend of $12,630 hardly makes up for that collossal loss......
What if mr muckle bought it at under $15/share like some of us did several years ago? Has been paying good dividends since 2009 and I still have a nice gain in it even at the current price. If you go and look at similar royalty trust, all have taken a beating in the market since late last summer.
you are a damn fool. All muni's are subject to going bankrupt and are high risk with low interest rates. Only states and federal government cannot go bankrupt. Stockton, CA filed for bankruptcy, San Bernadino filed for bankruptcy, lots of sewer and water districts have gone bankrupt. Your ignorance is a blemish on this board. Wise up and google facts before mouthing off and making a fool of yourself.....muni's...oh really....lol.