Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) announced a dividend on Saturday, May 24th, investing.com reports. Investors of record on Monday, June 2nd will be paid a dividend of 0.0188 per share by the oil and gas producer on Friday, June 13th. This represents a yield of 2.01%. The ex-dividend date of this dividend is Friday, May 30th.
Permian Basin Royalty Trust has raised its dividend by an average of 28.8% per year over the last three years.
Permian Basin Royalty Trust Trading Up 0.0%
PBT stock traded up $0.01 during midday trading on Tuesday, hitting $11.26. The stock had a trading volume of 126,458 shares, compared to its average volume of 126,155. The firm has a market capitalization of $524.58 million, a price-to-earnings ratio of 14.43 and a beta of 0.56. Permian Basin Royalty Trust has a 52 week low of $8.01 and a 52 week high of $14.26. The stock has a 50-day simple moving average of $10.00 and a 200 day simple moving average of $11.00.
Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $3.07 million during the quarter. Permian Basin Royalty Trust had a return on equity of 17,811.24% and a net margin of 96.32%.
Analyst Ratings Changes
Separately, Wall Street Zen lowered Permian Basin Royalty Trust from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th.
Check Out Our Latest Stock Report on PBT
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.
Further Reading

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