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