Permian Basin Royalty Trust (PBT) to Issue $0.05 Dividend
Permian Basin Royalty Trust (NYSE:PBT) declared a dividend on Friday, May 19th. Investors of record on Wednesday, May 31st will be paid a dividend of 0.0522 per share by the oil and gas producer on Wednesday, June 14th. The ex-dividend date is Friday, May 26th.
Permian Basin Royalty Trust has decreased its dividend by an average of 24.6% annually over the last three years.
Shares of Permian Basin Royalty Trust (NYSE:PBT) traded up 1.23% on Friday, hitting $9.86. 115,824 shares of the company were exchanged. The firm’s 50-day moving average is $9.77 and its 200-day moving average is $8.66. The stock has a market capitalization of $459.55 million, a PE ratio of 17.51 and a beta of 0.79. Permian Basin Royalty Trust has a 52-week low of $6.10 and a 52-week high of $10.30.
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Permian Basin Royalty Trust Company Profile
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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