Permian Basin Royalty Trust (PBT) To Go Ex-Dividend on July 31st

Permian Basin Royalty Trust (NYSE:PBT) declared a monthly dividend on Friday, July 19th, investing.com reports. Shareholders of record on Wednesday, July 31st will be paid a dividend of 0.0702 per share by the oil and gas producer on Wednesday, August 14th. This represents a $0.84 dividend on an annualized basis and a yield of 7.39%. The ex-dividend date is Wednesday, July 31st.

Permian Basin Royalty Trust has increased its dividend by an average of 36.7% annually over the last three years.

Permian Basin Royalty Trust Price Performance

Shares of Permian Basin Royalty Trust stock opened at $11.39 on Monday. Permian Basin Royalty Trust has a 1-year low of $10.51 and a 1-year high of $24.58. The company has a market capitalization of $530.89 million, a PE ratio of 18.37 and a beta of 0.57. The business has a 50-day moving average of $11.72 and a 200-day moving average of $12.58.

Permian Basin Royalty Trust (NYSE:PBT) last issued its quarterly earnings data on Thursday, May 9th. The oil and gas producer reported $0.12 earnings per share for the quarter. Permian Basin Royalty Trust had a return on equity of 14,549.30% and a net margin of 96.14%. The firm had revenue of $6.01 million during the quarter.

Permian Basin Royalty Trust Company Profile

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.