Permian Basin Royalty Trust Plans Monthly Dividend of $0.01 (NYSE:PBT)

Permian Basin Royalty Trust (NYSE:PBT) declared a monthly dividend on Tuesday, February 17th. Shareholders of record on Friday, February 27th will be paid a dividend of 0.0142 per share by the oil and gas producer on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, February 27th.

Permian Basin Royalty Trust has increased its dividend by an average of 0.1%annually over the last three years.

Permian Basin Royalty Trust Price Performance

PBT stock opened at $18.64 on Wednesday. The firm has a market capitalization of $868.90 million, a P/E ratio of 54.83 and a beta of 0.46. Permian Basin Royalty Trust has a 52-week low of $8.01 and a 52-week high of $20.46. The company’s 50 day simple moving average is $17.98 and its 200-day simple moving average is $17.76.

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.