Permian Basin Royalty Trust (NYSE:PBT) Plans $0.05 Monthly Dividend

by · The Markets Daily

Permian Basin Royalty Trust (NYSE:PBT – Get Free Report) announced a monthly dividend on Friday, September 20th, Wall Street Journal reports. Investors of record on Monday, September 30th will be given a dividend of 0.0507 per share by the oil and gas producer on Tuesday, October 15th. This represents a $0.61 annualized dividend and a yield of 5.11%. The ex-dividend date is Monday, September 30th.

Permian Basin Royalty Trust has raised its dividend by an average of 36.7% per year over the last three years.

Permian Basin Royalty Trust Price Performance

Shares of NYSE:PBT opened at $11.91 on Friday. Permian Basin Royalty Trust has a 12-month low of $10.14 and a 12-month high of $21.97. The business has a 50 day moving average of $11.17 and a two-hundred day moving average of $11.80.

Permian Basin Royalty Trust (NYSE:PBT – Get Free Report) last posted its earnings results on Thursday, August 8th. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $8.83 million during the quarter. Permian Basin Royalty Trust had a net margin of 96.28% and a return on equity of 15,940.96%.

Permian Basin Royalty Trust Company Profile

(Get Free Report)

Permian Basin Royalty Trust, an express trust, holds royalty interests in various oil and gas properties in the United States. The company holds a 75% net overriding royalty interest in the Waddell Ranch properties, including Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell fields in Crane County, Texas.

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