Permian Basin Royalty Trust (NYSE:PBT) Plans $0.05 Monthly Dividend
by Danessa Lincoln · The Markets DailyPermian Basin Royalty Trust (NYSE:PBT – Get Free Report) announced a monthly dividend on Friday, September 20th, Wall Street Journal reports. Investors 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 annualized dividend and a yield of 5.11%. The ex-dividend date is Monday, September 30th.
Permian Basin Royalty Trust has raised its dividend by an average of 36.7% per year over the last three years.
Permian Basin Royalty Trust Price Performance
Shares of NYSE:PBT opened at $11.91 on Friday. Permian Basin Royalty Trust has a 12-month low of $10.14 and a 12-month high of $21.97. The business has a 50 day moving average of $11.17 and a two-hundred day moving average of $11.80.
Permian Basin Royalty Trust (NYSE:PBT – Get Free Report) 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 during the quarter. Permian Basin Royalty Trust had a net margin of 96.28% and a return on equity of 15,940.96%.
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.
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