Permian Basin Royalty Trust Announces Monthly Dividend of $0.04 (PBT)
Permian Basin Royalty Trust (NYSE:PBT) declared a monthly dividend on Tuesday, February 19th. Stockholders of record on Thursday, February 28th will be given a dividend of $0.04 per share on Thursday, March 14th. This represents a $0.43 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Tuesday, February 26th.
Shares of Permian Basin Royalty Trust (PBT) traded down 2.01% during mid-day trading on Tuesday, hitting $13.67. Permian Basin Royalty Trust (PBT) has a 52 week low of $12.01 and a 52 week high of $23.25. The stock’s 50-day moving average is currently $13.66. The company has a market cap of $637.1 million and a P/E ratio of 11.01.
Permian Basin Royalty Trust (the Trust) is an express trust. The Trust’s principal assets are net overriding royalties conveyed to the Trust, including a 75% net overriding royalty carved out of Southland Royalty’s fee mineral interests in the Waddell Ranch in Crane County, Texas (the Waddell Ranch properties), and a 95% net overriding royalty carved out of Southland Royalty’s major producing royalty interests in Texas (the Texas Royalty properties).
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