Permian Basin Royalty Trust Plans Monthly Dividend of $0.10 (PBT)
Permian Basin Royalty Trust (NYSE:PBT) announced a monthly dividend on Tuesday, October 22nd, American Banking News reports. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.0995 per share on Friday, November 15th. This represents a $1.19 annualized dividend and a dividend yield of 7.35%. The ex-dividend date is Tuesday, October 29th.
Shares of Permian Basin Royalty Trust (NYSE:PBT) traded up 1.95% during mid-day trading on Tuesday, hitting $16.24. The stock had a trading volume of 450,768 shares. Permian Basin Royalty Trust has a 1-year low of $11.95 and a 1-year high of $16.29. The stock’s 50-day moving average is $13.45 and its 200-day moving average is $13.06. The company has a market cap of $756.9 million and a price-to-earnings ratio of 20.88.
Permian Basin Royalty Trust (NYSE:PBT) is an express trust.
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