Permian Basin Royalty Trust (NYSE:PBT) to Issue $0.03 Monthly Dividend

Permian Basin Royalty Trust (NYSE:PBT) 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 (NYSE:PBT) last released its quarterly earnings data on Thursday, August 8th. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter. Permian Basin Royalty Trust had a return on equity of 15,940.96% and a net margin of 96.28%. The company had revenue of $8.83 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.