Permian Basin Royalty Trust (PBT) to Distribute Monthly Dividend of $0.05 on November 16th

Permian Basin Royalty Trust (NYSE:PBT) declared a monthly dividend on Tuesday, October 20th. Stockholders of record on Friday, October 30th will be given a dividend of $0.0452 per share by the oil and gas producer on Monday, November 16th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date 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 raised its dividend by an average of 0.1% per year over the last three years.

Permian Basin Royalty Trust Price Performance

PBT opened at $33.69 on Thursday. The firm has a market capitalization of $1.57 billion, a P/E ratio of 96.27 and a beta of 0.56. Permian Basin Royalty Trust has a one year low of $16.25 and a one year high of $37.00. The company has a fifty day moving average price of $33.95 and a 200-day moving average price of $29.24.

Permian Basin Royalty Trust (NYSE:PBT) last issued its quarterly earnings data on Thursday, August 13th. The oil and gas producer reported $0.08 earnings per share (EPS) for the quarter. Permian Basin Royalty Trust had a return on equity of 9,990.08% and a net margin of 91.96%. The company had revenue of $4.18 million for the quarter.

About Permian Basin Royalty Trust

Permian Basin Royalty Trust (NYSE: PBT) is a grantor trust that holds interests in oil and natural gas properties located in the Permian Basin of West Texas. The trust does not explore for, develop, or operate properties itself. Instead, it receives proceeds generated from the production and sale of hydrocarbons from properties in which it owns royalty or net profits interests.

The trust’s principal interests include properties associated with the Waddell Ranch in Texas, as well as additional Texas royalty properties.