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Permian Basin Royalty Trust to Issue Dividend of $0.02 (NYSE:PBT)

Permian Basin Royalty Trust logo with Energy background

Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) declared a dividend on Saturday, May 24th, investing.com reports. Stockholders of record on Monday, June 2nd will be given a dividend of 0.0188 per share by the oil and gas producer on Friday, June 13th. This represents a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, May 30th.

Permian Basin Royalty Trust has raised its dividend payment by an average of 28.8% annually over the last three years.

Permian Basin Royalty Trust Stock Performance

Shares of NYSE:PBT traded up $0.02 during trading hours on Thursday, hitting $11.28. 33,567 shares of the company's stock traded hands, compared to its average volume of 112,784. Permian Basin Royalty Trust has a 52 week low of $8.01 and a 52 week high of $14.26. The company's fifty day simple moving average is $10.04 and its two-hundred day simple moving average is $11.00. The company has a market cap of $525.75 million, a price-to-earnings ratio of 14.46 and a beta of 0.56.

Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) last announced its earnings results on Wednesday, May 14th. The oil and gas producer reported $0.06 EPS for the quarter. Permian Basin Royalty Trust had a net margin of 96.32% and a return on equity of 17,811.24%. The company had revenue of $3.07 million during the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Permian Basin Royalty Trust from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th.

Read Our Latest Stock Analysis on PBT

Permian Basin Royalty Trust Company Profile

(Get Free Report)

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

Dividend History for Permian Basin Royalty Trust (NYSE:PBT)

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