Permian Basin Royalty Trust (PBT) to Issue Monthly Dividend of $0.02 on December 12th

Permian Basin Royalty Trust (NYSE:PBT) declared a monthly dividend on Monday, November 17th. Shareholders of record on Friday, November 28th will be given a dividend of 0.0192 per share by the oil and gas producer on Friday, December 12th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, November 28th.

Permian Basin Royalty Trust has increased its dividend payment by an average of 0.1%annually over the last three years.

Permian Basin Royalty Trust Price Performance

PBT stock opened at $18.73 on Wednesday. The firm has a market cap of $872.75 million, a price-to-earnings ratio of 52.01 and a beta of 0.59. Permian Basin Royalty Trust has a 1-year low of $8.01 and a 1-year high of $20.46. The firm has a fifty day moving average price of $18.19 and a two-hundred day moving average price of $14.94.

Permian Basin Royalty Trust (NYSE:PBT) last posted its quarterly earnings results on Thursday, November 13th. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter. Permian Basin Royalty Trust had a net margin of 89.90% and a return on equity of 9,737.65%. The company had revenue of $7.27 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Permian Basin Royalty Trust in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

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.