Permian Basin Royalty Trust (pbt) Announces Dividend Increase – $0.06 Per Share
Permian Basin Royalty Trust (NYSE:pbt) declared a monthly dividend on Tuesday, April 18th. Shareholders of record on Friday, April 28th will be paid a dividend of 0.056 per share by the oil and gas producer on Friday, May 12th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date is Wednesday, April 26th. This is a boost from Permian Basin Royalty Trust’s previous monthly dividend of $0.05.
Permian Basin Royalty Trust has decreased its dividend payment by an average of 24.6% annually over the last three years.
Permian Basin Royalty Trust (NYSE:PBT) traded down 0.1965% on Friday, hitting $10.2099. The company had a trading volume of 99,914 shares. Permian Basin Royalty Trust has a 12-month low of $5.93 and a 12-month high of $10.30. The firm has a 50-day moving average price of $9.44 and a 200-day moving average price of $8.25. The firm has a market capitalization of $475.86 million, a PE ratio of 24.6022 and a beta of 0.79.
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About Permian Basin Royalty Trust
Permian Basin Royalty Trust is an express trust. The Company’s Waddell Ranch Properties has mineral interests in the Waddell Ranch. Its Waddell Ranch properties have proved reserves in six fields: Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell.
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