Permian Basin Royalty Trust (NYSE:PBT – Get Free Report) declared a monthly dividend on Tuesday, October 20th. Shareholders 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 annualized dividend and a 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 increased its dividend payment by an average of 0.1% per year over the last three years.
Permian Basin Royalty Trust Stock Performance
Shares of PBT opened at $33.05 on Wednesday. The company has a 50-day moving average of $33.95 and a two-hundred day moving average of $26.55. Permian Basin Royalty Trust has a 12-month low of $16.25 and a 12-month high of $37.00.
Permian Basin Royalty Trust (NYSE:PBT – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The oil and gas producer reported $0.08 EPS for the quarter. The business had revenue of $4.18 million during the quarter.
Permian Basin Royalty Trust Company Profile
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.
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