Permian Basin Royalty Trust (NYSE:PBT) to Issue Dividend of $0.02

Permian Basin Royalty Trust (NYSE:PBT) announced a dividend on Tuesday, January 21st,NASDAQ Dividends reports. Shareholders of record on Friday, January 31st will be given a dividend of 0.0205 per share by the oil and gas producer on Friday, February 14th. The ex-dividend date of this dividend is Friday, January 31st.

Permian Basin Royalty Trust has raised its dividend payment by an average of 33.3% annually over the last three years.

Permian Basin Royalty Trust Trading Up 1.9 %

PBT stock traded up $0.23 during midday trading on Tuesday, hitting $11.99. 165,946 shares of the company traded hands, compared to its average volume of 135,637. Permian Basin Royalty Trust has a twelve month low of $10.14 and a twelve month high of $15.79. The business has a 50 day simple moving average of $12.18 and a 200-day simple moving average of $11.64.

Permian Basin Royalty Trust (NYSE:PBT) last posted its quarterly earnings data on Tuesday, November 12th. The oil and gas producer reported $0.17 EPS for the quarter. The business had revenue of $8.37 million for the quarter. Permian Basin Royalty Trust had a return on equity of 17,811.24% and a net margin of 96.32%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Permian Basin Royalty Trust from a “buy” rating to a “hold” rating in a research note on Monday, January 6th.

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.