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

Permian Basin Royalty Trust logo with Energy background

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

(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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