Permian Basin Royalty Trust (NYSE:pbt) announced a monthly dividend on Tuesday, September 20th. Shareholders of record on Friday, September 30th will be paid a dividend of 0.046 per share on Monday, October 17th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 7.75%. The ex-dividend date of this dividend is Wednesday, September 28th.

Shares of Permian Basin Royalty Trust (NYSE:PBT) traded down 1.83% during midday trading on Friday, hitting $6.99. The company’s stock had a trading volume of 35,527 shares. Permian Basin Royalty Trust has a 52-week low of $4.20 and a 52-week high of $7.79. The firm has a market cap of $325.79 million, a P/E ratio of 22.77 and a beta of 0.62. The stock’s 50 day moving average is $6.97 and its 200-day moving average is $6.77.

About Permian Basin Royalty Trust

Permian Basin Royalty Trust is an express trust. The Company’s Waddell Ranch properties have proved reserves in approximately six fields, which include Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell. The Company’s Waddell Ranch Properties have mineral interests in the Waddell Ranch in approximately 78,715 gross (34,205 net) producing acres.

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