Permian Basin Royalty Trust (NYSE:PBT – Get Free Report) announced a monthly dividend on Tuesday, October 20th. Stockholders of record on Friday, October 30th will be paid 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 dividend 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 increased its dividend payment by an average of 0.1% annually over the last three years.
Permian Basin Royalty Trust Trading Up 0.2%
Shares of PBT stock traded up $0.08 during trading hours on Tuesday, reaching $33.93. 45,761 shares of the stock were exchanged, compared to its average volume of 135,630. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 96.94 and a beta of 0.56. Permian Basin Royalty Trust has a 12-month low of $16.25 and a 12-month high of $37.00. The company’s 50-day moving average price is $33.92 and its 200-day moving average price is $29.06.
Permian Basin Royalty Trust (NYSE:PBT – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The oil and gas producer reported $0.08 earnings per share for the quarter. The company had revenue of $4.18 million for the quarter. Permian Basin Royalty Trust had a net margin of 91.96% and a return on equity of 9,990.08%.
Permian Basin Royalty Trust Company Profile
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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