Dominion Resources Black Warrior Trust announced its fourth fiscal quarter dividend payout of $0.246351 per unit. The dividend will be paid on December 9, 2009 to shareholders of record on November 30, 2009. The Dominion Resources Black Warrior Trust has a current dividend yield of 13%.

Dominion Resources Black Warrior Trust said that the oil and gas properties from which the trust receives royalties produced 675 million cubic feet of natural gas during the fourth quarter. The trust sold the natural gas at an average price of $3.41 per mcf.

The Dominion Resources Black Warrior Trust has royalty interests in coal bed methane properties in the Black Warrior Basin of Alabama. The properties are all producing and developed and were formerly owned by Dominion Resources (D).

Dominion Resources spun off the properties in an initial public offering in 1994, when it issued 6.85 million shares at a price of $20.00. As of January 1, 2009, the company had proved reserves of 19.8 billion cubic feet of natural gas. At the current rate of production, the trust has a reserve life of between 5 and 6 years.