Permian Basin Royalty Trust (PBT) To Go Ex-Dividend on September 30th

Permian Basin Royalty Trust (NYSE:PBT) declared a monthly dividend on Friday, September 20th, Wall Street Journal reports. Investors of record on Monday, September 30th will be given a dividend of 0.0507 per share by the oil and gas producer on Tuesday, October 15th. This represents a $0.61 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date of this dividend is Monday, September 30th.

Permian Basin Royalty Trust has raised its dividend by an average of 36.7% per year over the last three years.

Permian Basin Royalty Trust Price Performance

Permian Basin Royalty Trust stock opened at $11.93 on Friday. Permian Basin Royalty Trust has a one year low of $10.14 and a one year high of $21.97. The firm has a market capitalization of $555.81 million, a P/E ratio of 19.23 and a beta of 0.56. The business has a fifty day moving average price of $11.17 and a 200-day moving average price of $11.80.

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

About Permian Basin Royalty Trust

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.