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

Posted by Carol Hyndes on Jan 21st, 2025

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

Shares of PBT traded up $0.23 on Tuesday, hitting $11.99. The company’s stock had a trading volume of 165,946 shares, compared to its average volume of 135,637. The firm’s fifty day moving average price is $12.18 and its 200-day moving average price is $11.64. Permian Basin Royalty Trust has a fifty-two week low of $10.14 and a fifty-two week high of $15.79.

Permian Basin Royalty Trust (NYSE:PBT – Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The oil and gas producer reported $0.17 earnings per share for the quarter. Permian Basin Royalty Trust had a net margin of 96.32% and a return on equity of 17,811.24%. The company had revenue of $8.37 million during the quarter.

Analysts Set New Price Targets

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

Check Out Our Latest Analysis on PBT

About Permian Basin Royalty Trust

(Get Free Report)

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.