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

Permian Basin Royalty Trust (NYSE:PBTGet Free Report) announced a monthly dividend on Friday, August 21st. Stockholders of record on Monday, August 31st will be given a dividend of 0.0187 per share by the oil and gas producer on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, August 31st.

Permian Basin Royalty Trust has increased its dividend payment by an average of 0.1%annually over the last three years.

Permian Basin Royalty Trust Stock Up 0.7%

Shares of Permian Basin Royalty Trust stock traded up $0.24 during trading hours on Friday, hitting $34.31. The company’s stock had a trading volume of 83,560 shares, compared to its average volume of 131,053. The business has a fifty day moving average of $28.54 and a 200 day moving average of $24.92. Permian Basin Royalty Trust has a 1-year low of $15.73 and a 1-year high of $35.50. The company has a market capitalization of $1.60 billion, a PE ratio of 98.03 and a beta of 0.48.

Permian Basin Royalty Trust (NYSE:PBTGet Free Report) last announced its quarterly earnings results on Thursday, August 13th. The oil and gas producer reported $0.08 earnings per share for the quarter. Permian Basin Royalty Trust had a net margin of 91.96% and a return on equity of 9,990.08%. The firm had revenue of $4.18 million during the quarter.

Permian Basin Royalty Trust Company Profile

(Get Free Report)

Permian Basin Royalty Trust (NYSE: PBT) is a passive investment vehicle that holds overriding royalty interests in oil and gas properties located in the Permian Basin region of West Texas. Established in 1980 by Apache Oil Company, the Trust does not engage in exploration or production activities. Instead, it owns net profit interests on specified acreage, allowing unitholders to participate directly in the cash flows generated by hydrocarbon extraction without bearing the costs or risks associated with day-to-day field operations.

The Trust’s interests cover acreage predominantly in Reeves and Loving Counties, where mature wells have been developed over several decades.

See Also

Dividend History for Permian Basin Royalty Trust (NYSE:PBT)

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