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

Permian Basin Royalty Trust (NYSE:PBT) declared a monthly dividend on Friday, March 21st, NASDAQ Dividends reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.018 per share by the oil and gas producer on Monday, April 14th. This represents a $0.22 annualized dividend and a yield of 2.18%. The ex-dividend date is Monday, March 31st. This is a 5.5% increase from Permian Basin Royalty Trust’s previous monthly dividend of $0.02.

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

Permian Basin Royalty Trust Stock Down 0.1 %

PBT stock opened at $9.95 on Friday. The business has a fifty day moving average of $10.69 and a 200-day moving average of $11.46. The company has a market cap of $463.81 million, a P/E ratio of 12.76 and a beta of 0.72. Permian Basin Royalty Trust has a twelve month low of $9.43 and a twelve month high of $14.26.

Permian Basin Royalty Trust (NYSE:PBT) last released its earnings results on Friday, March 14th. The oil and gas producer reported $0.08 earnings per share (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 $3.79 million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com downgraded Permian Basin Royalty Trust from a “buy” rating to a “hold” rating in a report on Thursday, February 20th.

About Permian Basin Royalty Trust

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.