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
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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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