Permian Basin Royalty Trust (NYSE:PBT) Plans Dividend Increase – $0.12 Per Share

Permian Basin Royalty Trust (NYSE:PBT) declared a monthly dividend on Friday, September 19th. Stockholders of record on Tuesday, September 30th will be paid a dividend of 0.1155 per share by the oil and gas producer on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Tuesday, September 30th. This is a 603.5% increase from Permian Basin Royalty Trust’s previous monthly dividend of $0.02.

Permian Basin Royalty Trust Stock Down 0.5%

Shares of PBT opened at $18.61 on Friday. The company has a 50-day simple moving average of $16.21 and a 200-day simple moving average of $12.73. The company has a market capitalization of $867.18 million, a PE ratio of 51.68 and a beta of 0.69. Permian Basin Royalty Trust has a 52-week low of $8.01 and a 52-week high of $19.52.

Permian Basin Royalty Trust (NYSE:PBT) last announced its quarterly earnings results on Wednesday, August 13th. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $3.11 million during the quarter. Permian Basin Royalty Trust had a net margin of 89.90% and a return on equity of 9,737.65%.

About Permian Basin Royalty Trust

Permian Basin Royalty Trust, an express trust, holds royalty interests in various oil and gas properties in the United States. The company holds a 75% net overriding royalty interest in the Waddell Ranch properties, including Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell fields in Crane County, Texas.