Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) declared a monthly dividend on Friday, March 21st, NASDAQ Dividends reports. Investors of record on Monday, March 31st will be paid 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 2.15%. The ex-dividend date of this dividend 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 raised its dividend payment by an average of 28.8% per year over the last three years.
Permian Basin Royalty Trust Trading Down 0.7 %
Shares of Permian Basin Royalty Trust stock traded down $0.07 on Wednesday, reaching $10.06. 40,184 shares of the company were exchanged, compared to its average volume of 118,481. The company has a market capitalization of $468.84 million, a price-to-earnings ratio of 12.90 and a beta of 0.72. Permian Basin Royalty Trust has a one year low of $9.43 and a one year high of $14.26. The company has a 50-day moving average of $10.80 and a 200 day moving average of $11.49.
Permian Basin Royalty Trust (NYSE:PBT - Get Free Report) last announced its quarterly earnings results on Friday, March 14th. The oil and gas producer reported $0.08 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 firm had revenue of $3.79 million during the quarter.
Analyst Ratings Changes
Separately, StockNews.com cut Permian Basin Royalty Trust from a "buy" rating to a "hold" rating in a report on Thursday, February 20th.
Get Our Latest Stock Report on PBT
About Permian Basin Royalty Trust
(
Get Free Report)
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.
Read More
Before you consider Permian Basin Royalty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Permian Basin Royalty Trust wasn't on the list.
While Permian Basin Royalty Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
