Tidelands Royalty Trust B (TIRTZ) Declares Quarterly Payment
Tidelands Royalty Trust B announced that it would pay a quarterly distribution to its unit holders of $0.440416 per unit. The distribution is for shareholders of record on June 30, 2010, and will be paid on July 14, 2010. Tidelands Royalty Trust B said that the upcoming quarterly distribution was a 1.5% decrease from the $0.447002 per unit paid last quarter. Tidelands Royalty Trust B said that the decrease was due to a decline in natural gas production on which the company earns royalties, offset slightly by an increase in the price realized for natural gas. Tidelands Royalty Trust B…