Permian Basin Royalty Trust (NYSE:PBT) declared a monthly dividend on Monday, December 18th, NASDAQ reports. Investors of record on Friday, December 29th will be paid a dividend of 0.051 per share by the oil and gas producer on Tuesday, January 16th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.87%. The ex-dividend date is Thursday, December 28th.

Permian Basin Royalty Trust has decreased its dividend by an average of 24.6% annually over the last three years.

Shares of Permian Basin Royalty Trust (PBT) traded down $0.05 during trading on Tuesday, hitting $8.91. The company had a trading volume of 195,300 shares, compared to its average volume of 106,315. The company has a market capitalization of $417.61, a P/E ratio of 14.22 and a beta of 0.64. Permian Basin Royalty Trust has a one year low of $7.61 and a one year high of $10.30.

Separately, BidaskClub upgraded Permian Basin Royalty Trust from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 23rd.

ILLEGAL ACTIVITY WARNING: This piece was posted by Watch List News and is owned by of Watch List News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://www.watchlistnews.com/permian-basin-royalty-trust-pbt-plans-0-05-monthly-dividend/1773147.html.

Permian Basin Royalty Trust Company Profile

Permian Basin Royalty Trust is an express trust. The Company’s Waddell Ranch Properties has mineral interests in the Waddell Ranch. Its Waddell Ranch properties have proved reserves in six fields: Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell.

Dividend History for Permian Basin Royalty Trust (NYSE:PBT)

Receive News & Ratings for Permian Basin Royalty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Permian Basin Royalty Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.