Permian Basin Royalty Trust (NYSE:PBT) Declares $0.05 Monthly Dividend

Permian Basin Royalty Trust (NYSE:PBT) declared a monthly dividend on Friday, September 20th, Wall Street Journal reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.0507 per share by the oil and gas producer on Tuesday, October 15th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date is Monday, September 30th.

Permian Basin Royalty Trust has raised its dividend payment by an average of 36.7% annually over the last three years.

Permian Basin Royalty Trust Trading Up 4.1 %

Permian Basin Royalty Trust stock opened at $11.93 on Friday. Permian Basin Royalty Trust has a 1-year low of $10.14 and a 1-year high of $21.97. The firm has a market cap of $555.81 million, a P/E ratio of 19.23 and a beta of 0.56. The firm has a 50-day moving average of $11.17 and a 200-day moving average of $11.80.

Permian Basin Royalty Trust (NYSE:PBT) last posted its earnings results on Thursday, August 8th. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $8.83 million for the quarter. Permian Basin Royalty Trust had a return on equity of 15,940.96% and a net margin of 96.28%.

Permian Basin Royalty Trust Company Profile

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.