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

Permian Basin Royalty Trust (NYSE:PBT) announced a dividend on Friday, March 21st, NASDAQ Dividends reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.018 per share by the oil and gas producer on Monday, April 14th. The ex-dividend date is Monday, March 31st.

Permian Basin Royalty Trust has raised its dividend by an average of 28.8% per year over the last three years.

Permian Basin Royalty Trust Stock Down 1.3 %

NYSE:PBT traded down $0.13 on Friday, reaching $10.03. The company’s stock had a trading volume of 78,529 shares, compared to its average volume of 131,145. The firm has a market cap of $467.49 million, a price-to-earnings ratio of 12.86 and a beta of 0.72. The stock has a 50 day moving average price of $10.86 and a 200 day moving average price of $11.49. Permian Basin Royalty Trust has a 12-month low of $9.43 and a 12-month high of $14.26.

Permian Basin Royalty Trust (NYSE:PBT) last issued its quarterly earnings data on Friday, March 14th. The oil and gas producer reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $3.79 million during the quarter. Permian Basin Royalty Trust had a return on equity of 17,811.24% and a net margin of 96.32%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Permian Basin Royalty Trust from a “buy” rating to a “hold” rating in a report on Thursday, February 20th.

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.