Permian Basin Royalty Trust (NYSE:PBT) Declares Dividend Increase – $0.07 Per Share

Permian Basin Royalty Trust (NYSE:PBT) declared a monthly dividend on Monday, June 17th, Zacks reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.073 per share by the oil and gas producer on Monday, July 15th. This represents a $0.88 annualized dividend and a dividend yield of 7.97%. The ex-dividend date of this dividend is Friday, June 28th. This is a positive change from Permian Basin Royalty Trust’s previous monthly dividend of $0.02.

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

Permian Basin Royalty Trust Trading Down 4.8 %

NYSE PBT opened at $10.99 on Tuesday. Permian Basin Royalty Trust has a 1 year low of $10.78 and a 1 year high of $25.60. The firm has a market capitalization of $512.24 million, a price-to-earnings ratio of 17.73 and a beta of 0.59. The firm’s 50 day simple moving average is $12.29 and its 200 day simple moving average is $13.33.

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