Permian Basin Royalty Trust (NYSE:PBT – Get Free Report) announced a monthly dividend on Friday, March 20th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.0107 per share by the oil and gas producer on Tuesday, April 14th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, March 31st.
Permian Basin Royalty Trust has increased its dividend payment by an average of 0.1%annually over the last three years.
Permian Basin Royalty Trust Stock Performance
Shares of NYSE PBT traded down $0.20 during trading on Friday, reaching $20.68. The stock had a trading volume of 90,869 shares, compared to its average volume of 78,791. The stock has a market cap of $964.01 million, a PE ratio of 60.83 and a beta of 0.43. Permian Basin Royalty Trust has a one year low of $8.01 and a one year high of $21.50. The firm’s 50 day moving average price is $19.28 and its two-hundred day moving average price is $18.39.
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.
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