Permian Basin Royalty Trust (NYSE:PBT) Plans $0.03 Monthly Dividend

Permian Basin Royalty Trust (NYSE:PBT) declared a monthly dividend on Monday, October 21st, Wall Street Journal reports. Stockholders of record on Thursday, October 31st will be paid a dividend of 0.03 per share by the oil and gas producer on Friday, November 15th. This represents a $0.36 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Thursday, October 31st.

Permian Basin Royalty Trust has increased its dividend payment by an average of 36.7% annually over the last three years.

Permian Basin Royalty Trust Trading Up 0.5 %

PBT stock traded up $0.06 during trading on Tuesday, hitting $11.67. The company had a trading volume of 51,288 shares, compared to its average volume of 125,851. The firm has a market capitalization of $543.93 million, a price-to-earnings ratio of 18.82 and a beta of 0.56. The business has a 50 day moving average of $11.43 and a 200 day moving average of $11.67. Permian Basin Royalty Trust has a fifty-two week low of $10.14 and a fifty-two week high of $20.61.

Permian Basin Royalty Trust (NYSE:PBT) last posted its quarterly earnings data on Thursday, August 8th. The oil and gas producer reported $0.18 earnings per share for the quarter. The business 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

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.