Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) declared a dividend on Wednesday, July 23rd, investing.com reports. Stockholders of record on Friday, August 1st will be paid a dividend of 0.0153 per share by the oil and gas producer on Thursday, August 14th. This represents a dividend yield of 1.45%. The ex-dividend date of this dividend is Thursday, July 31st. This is a 18.0% increase from Permian Basin Royalty Trust's previous dividend of $0.01.
Permian Basin Royalty Trust Price Performance
Shares of NYSE:PBT traded up $0.06 during trading on Friday, reaching $13.07. 101,988 shares of the stock were exchanged, compared to its average volume of 129,027. The firm has a market cap of $609.01 million, a price-to-earnings ratio of 26.67 and a beta of 0.58. Permian Basin Royalty Trust has a 1-year low of $8.01 and a 1-year high of $14.26. The stock has a fifty day moving average of $12.05 and a two-hundred day moving average of $10.99.
Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The oil and gas producer reported $0.06 earnings per share for the quarter. The firm had revenue of $3.07 million for the quarter. Permian Basin Royalty Trust had a return on equity of 12,661.40% and a net margin of 93.60%.
Permian Basin Royalty Trust Company Profile
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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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