Permian Basin Royalty Trust (NYSE:PBT – Get Free Report) announced a monthly dividend on Monday, October 21st, Wall Street Journal reports. Investors of record on Thursday, October 31st will be given a dividend of 0.03 per share by the oil and gas producer on Friday, November 15th. This represents a $0.36 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Thursday, October 31st.
Permian Basin Royalty Trust has raised its dividend by an average of 36.7% annually over the last three years.
Permian Basin Royalty Trust Stock Down 1.3 %
Shares of PBT opened at $11.57 on Tuesday. Permian Basin Royalty Trust has a 12-month low of $10.14 and a 12-month high of $20.20. The business has a 50-day simple moving average of $11.46 and a two-hundred day simple moving average of $11.63.
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.
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