Permian Basin Royalty Trust (NYSE:PBT) Plans $0.02 Monthly Dividend

Key Points

• Permian Basin Royalty Trust has announced a monthly dividend of $0.02 per share, payable to stockholders on November 17th, representing an annualized yield of 1.4%.
• The company's stock price dropped to $17.42, with a market capitalization of approximately $811.93 million and a P/E ratio of 48.39.
• In its recent quarterly earnings report, Permian Basin Royalty Trust reported earnings of $0.05 per share, with revenue of $3.11 million and an impressive return on equity of 9,737.65%.

Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) announced a monthly dividend on Tuesday, October 21st. Stockholders of record on Friday, October 31st will be paid a dividend of 0.02 per share by the oil and gas producer on Monday, November 17th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, October 21st.

Permian Basin Royalty Trust Stock Performance

PBT traded down $0.50 on Tuesday, reaching $17.42. The company had a trading volume of 43,098 shares, compared to its average volume of 143,960. The stock has a market cap of $811.93 million, a P/E ratio of 48.39 and a beta of 0.63. Permian Basin Royalty Trust has a fifty-two week low of $8.01 and a fifty-two week high of $19.52. The company's fifty day moving average is $17.37 and its 200 day moving average is $13.59.

Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The oil and gas producer reported $0.05 earnings per share for the quarter. The business had revenue of $3.11 million during the quarter. Permian Basin Royalty Trust had a return on equity of 9,737.65% and a net margin of 89.90%.

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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