Permian Basin Royalty Trust (PBT) to Issue Monthly Dividend of $0.02 on September 15th

Permian Basin Royalty Trust (NYSE:PBTGet Free Report) announced a monthly dividend on Friday, August 21st. Stockholders of record on Monday, August 31st will be given a dividend of 0.0187 per share by the oil and gas producer on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, August 31st.

Permian Basin Royalty Trust has increased its dividend payment by an average of 0.1%annually over the last three years.

Permian Basin Royalty Trust Trading Up 0.3%

PBT opened at $33.79 on Friday. Permian Basin Royalty Trust has a 12 month low of $16.25 and a 12 month high of $35.50. The stock has a 50-day moving average of $29.49 and a 200 day moving average of $25.54. The firm has a market cap of $1.57 billion, a P/E ratio of 96.54 and a beta of 0.48.

Permian Basin Royalty Trust (NYSE:PBTGet Free Report) last released its quarterly earnings results on Thursday, August 13th. The oil and gas producer reported $0.08 earnings per share for the quarter. Permian Basin Royalty Trust had a return on equity of 9,990.08% and a net margin of 91.96%.The company had revenue of $4.18 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Permian Basin Royalty Trust in a report on Tuesday, August 18th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Permian Basin Royalty Trust presently has a consensus rating of “Hold”.

Check Out Our Latest Stock Report on PBT

About Permian Basin Royalty Trust

(Get Free Report)

Permian Basin Royalty Trust (NYSE: PBT) is a passive investment vehicle that holds overriding royalty interests in oil and gas properties located in the Permian Basin region of West Texas. Established in 1980 by Apache Oil Company, the Trust does not engage in exploration or production activities. Instead, it owns net profit interests on specified acreage, allowing unitholders to participate directly in the cash flows generated by hydrocarbon extraction without bearing the costs or risks associated with day-to-day field operations.

The Trust’s interests cover acreage predominantly in Reeves and Loving Counties, where mature wells have been developed over several decades.

See Also

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

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