Permian Basin Royalty Trust (PBT) To Go Ex-Dividend on April 29th

Permian Basin Royalty Trust (NYSE:PBT) declared a monthly dividend on Friday, April 19th, investing.com reports. Investors of record on Tuesday, April 30th will be given a dividend of 0.0882 per share by the oil and gas producer on Tuesday, May 14th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 8.70%. The ex-dividend date of this dividend is Monday, April 29th. This is an increase from Permian Basin Royalty Trust’s previous monthly dividend of $0.04.

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

Permian Basin Royalty Trust Trading Up 1.3 %

PBT stock opened at $12.17 on Friday. Permian Basin Royalty Trust has a 12 month low of $10.95 and a 12 month high of $25.62. The company has a 50-day moving average price of $12.60 and a 200 day moving average price of $15.05. The stock has a market cap of $567.01 million, a PE ratio of 20.28 and a beta of 0.59.

Permian Basin Royalty Trust (NYSE:PBT) last released its quarterly earnings results on Thursday, February 29th. The oil and gas producer reported $0.31 EPS for the quarter. Permian Basin Royalty Trust had a net margin of 96.16% and a return on equity of 13,667.19%. The firm had revenue of $14.44 million during the quarter.

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.