Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) announced a monthly dividend on Monday, October 21st, Wall Street Journal reports. Stockholders 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 dividend yield of 3.08%. The ex-dividend date is Thursday, October 31st.
Permian Basin Royalty Trust has raised its dividend payment by an average of 36.7% per year over the last three years.
Permian Basin Royalty Trust Trading Up 0.5 %
Shares of NYSE:PBT traded up $0.06 during trading on Tuesday, hitting $11.67. The company's stock had a trading volume of 51,288 shares, compared to its average volume of 140,593. Permian Basin Royalty Trust has a fifty-two week low of $10.14 and a fifty-two week high of $20.61. The stock's 50-day moving average price is $11.43 and its two-hundred day moving average price is $11.67.
Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) 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 company 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
(
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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.
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