Permian Basin Royalty Trust (PBT) Declares Monthly Dividend of $0.11
Permian Basin Royalty Trust (NYSE:PBT) declared a monthly dividend on Monday, September 23rd, American Banking & Market News reports. Shareholders of record on Monday, September 30th will be given a dividend of $0.1063 per share on Tuesday, October 15th. This represents a $1.28 dividend on an annualized basis and a yield of 8.99%. The ex-dividend date of this dividend is Thursday, September 26th. This is a positive change from Permian Basin Royalty Trust’s previous monthly dividend of $0.09.
Shares of Permian Basin Royalty Trust (NYSE:PBT) traded up 2.53% on Monday, hitting $14.18. The stock had a trading volume of 351,975 shares. Permian Basin Royalty Trust has a 1-year low of $11.95 and a 1-year high of $15.45. The stock’s 50-day moving average is $13.50 and its 200-day moving average is $13.08. The company has a market cap of $660.9 million and a P/E ratio of 18.13.
Permian Basin Royalty Trust (NYSE:PBT) is an express trust.
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