Permian Basin Royalty Trust (NYSE:PBT) Declares Monthly Dividend of $0.03

Permian Basin Royalty Trust (NYSE:PBT) announced a monthly dividend on Monday, October 21st, Wall Street Journal reports. Shareholders of record on Thursday, October 31st will be paid a dividend of 0.03 per share by the oil and gas producer on Friday, November 15th. This represents a $0.36 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Thursday, October 31st.

Permian Basin Royalty Trust has raised its dividend by an average of 36.7% per year over the last three years.

Permian Basin Royalty Trust Price Performance

NYSE PBT traded up $0.06 on Tuesday, hitting $11.67. 51,288 shares of the company were exchanged, compared to its average volume of 125,851. The company’s 50 day moving average price is $11.43 and its 200-day moving average price is $11.67. The firm has a market capitalization of $543.93 million, a P/E ratio of 18.82 and a beta of 0.56. Permian Basin Royalty Trust has a twelve month low of $10.14 and a twelve month high of $20.61.

Permian Basin Royalty Trust (NYSE:PBT) last posted its quarterly earnings data on Thursday, August 8th. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $8.83 million for the quarter. Permian Basin Royalty Trust had a return on equity of 15,940.96% and a net margin of 96.28%.

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.