Permian Basin Royalty Trust (NYSE:PBT – Get Free Report) announced a monthly dividend on Tuesday, October 20th. Shareholders of record on Friday, October 30th will be given a dividend of $0.0452 per share by the oil and gas producer on Monday, November 16th. This represents a $0.54 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, October 30th. This is a 130.6% increase from Permian Basin Royalty Trust’s previous monthly dividend of $0.0196.
Permian Basin Royalty Trust has raised its dividend by an average of 0.1% annually over the last three years.
Permian Basin Royalty Trust Stock Up 0.2%
Shares of Permian Basin Royalty Trust stock traded up $0.08 during mid-day trading on Tuesday, reaching $33.93. 45,761 shares of the stock traded hands, compared to its average volume of 135,630. The business has a 50-day moving average of $33.92 and a 200 day moving average of $29.06. Permian Basin Royalty Trust has a fifty-two week low of $16.25 and a fifty-two week high of $37.00. The stock has a market capitalization of $1.58 billion, a PE ratio of 96.94 and a beta of 0.56.
Permian Basin Royalty Trust (NYSE:PBT – Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The oil and gas producer reported $0.08 earnings per share (EPS) for the quarter. Permian Basin Royalty Trust had a return on equity of 9,990.08% and a net margin of 91.96%. The firm had revenue of $4.18 million for the quarter.
About Permian Basin Royalty Trust
Permian Basin Royalty Trust (NYSE:PBT) is a grantor trust that owns royalty and net profits interests in oil and natural gas properties located primarily in the Permian Basin of West Texas. The trust does not operate wells or provide products and services directly; instead, it receives proceeds generated by the underlying properties and distributes the resulting income to its unitholders.
The trust’s interests include properties associated with the Waddell Ranch and other Texas royalty assets.
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