Permian Basin Royalty Trust Announces Monthly Dividend of $0.07 (NYSE:PBT)

Permian Basin Royalty Trust (NYSE:PBT) announced a monthly dividend on Friday, July 19th, investing.com reports. Shareholders of record on Wednesday, July 31st will be given a dividend of 0.0702 per share by the oil and gas producer on Wednesday, August 14th. This represents a $0.84 dividend on an annualized basis and a yield of 7.39%. The ex-dividend date is Wednesday, July 31st.

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

Permian Basin Royalty Trust Stock Down 2.7 %

Shares of PBT stock opened at $11.39 on Monday. The stock has a 50 day moving average of $11.72 and a 200-day moving average of $12.58. The firm has a market cap of $530.89 million, a PE ratio of 18.37 and a beta of 0.57. Permian Basin Royalty Trust has a 12 month low of $10.51 and a 12 month high of $24.58.

Permian Basin Royalty Trust (NYSE:PBT) last released its earnings results on Thursday, May 9th. The oil and gas producer reported $0.12 EPS for the quarter. Permian Basin Royalty Trust had a net margin of 96.14% and a return on equity of 14,549.30%. The firm had revenue of $6.01 million during the quarter.

About Permian Basin Royalty Trust

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.