Permian Basin Royalty Trust (PBT) To Go Ex-Dividend on May 29th

Permian Basin Royalty Trust (NYSE:PBT) announced a monthly dividend on Monday, May 18th. Stockholders of record on Friday, May 29th will be given a dividend of 0.0204 per share by the oil and gas producer on Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 29th.

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

Permian Basin Royalty Trust Price Performance

Shares of Permian Basin Royalty Trust stock opened at $30.81 on Wednesday. The firm has a 50 day simple moving average of $22.62 and a 200 day simple moving average of $19.91. Permian Basin Royalty Trust has a fifty-two week low of $10.80 and a fifty-two week high of $31.85. The firm has a market cap of $1.44 billion, a P/E ratio of 96.27 and a beta of 0.42.

Permian Basin Royalty Trust (NYSE:PBT) last posted its quarterly earnings data on Thursday, May 14th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $3.57 million for the quarter. Permian Basin Royalty Trust had a return on equity of 9,061.81% and a net margin of 88.99%.

Permian Basin Royalty Trust Company Profile

Permian Basin Royalty Trust (NYSE: PBT) is a passive investment vehicle that holds overriding royalty interests in oil and gas properties located in the Permian Basin region of West Texas. Established in 1980 by Apache Oil Company, the Trust does not engage in exploration or production activities. Instead, it owns net profit interests on specified acreage, allowing unitholders to participate directly in the cash flows generated by hydrocarbon extraction without bearing the costs or risks associated with day-to-day field operations.

The Trust’s interests cover acreage predominantly in Reeves and Loving Counties, where mature wells have been developed over several decades.