Permian Basin Royalty Trust (PBT) to Issue Monthly Dividend of $0.04 on May 14th

Permian Basin Royalty Trust (NYSE:PBT) announced a monthly dividend on Monday, April 20th. Investors of record on Thursday, April 30th will be paid a dividend of 0.038 per share by the oil and gas producer on Thursday, May 14th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, April 30th. This is a 256.5% increase from Permian Basin Royalty Trust’s previous monthly dividend of $0.01.

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

Permian Basin Royalty Trust Price Performance

Shares of NYSE:PBT opened at $22.30 on Tuesday. Permian Basin Royalty Trust has a 12 month low of $9.37 and a 12 month high of $22.71. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 69.68 and a beta of 0.41. The stock’s 50 day moving average price is $21.02 and its 200 day moving average price is $19.13.

Permian Basin Royalty Trust (NYSE:PBT) last announced its earnings results on Friday, March 27th. The oil and gas producer reported $0.06 EPS for the quarter. Permian Basin Royalty Trust had a return on equity of 8,774.67% and a net margin of 89.06%.The firm had revenue of $2.61 million for the quarter.

About Permian Basin Royalty Trust

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.