Permian Basin Royalty Trust Announces Monthly Dividend of $0.04 (PBT)
Permian Basin Royalty Trust (NYSE:PBT) declared a monthly dividend on Wednesday, June 21st, Wall Street Journal reports. Investors of record on Friday, June 30th will be paid a dividend of 0.0412 per share by the oil and gas producer on Monday, July 17th. This represents a $0.49 annualized dividend and a yield of 6.04%. The ex-dividend date of this dividend is Wednesday, June 28th.
Permian Basin Royalty Trust has decreased its dividend payment by an average of 24.6% per year over the last three years.
Shares of Permian Basin Royalty Trust (NYSE:PBT) traded down 6.73% on Wednesday, reaching $8.18. The company had a trading volume of 320,544 shares. The firm has a market capitalization of $381.25 million, a PE ratio of 14.53 and a beta of 0.57. Permian Basin Royalty Trust has a 12 month low of $6.10 and a 12 month high of $10.30. The firm’s 50 day moving average is $9.60 and its 200 day moving average is $9.07.
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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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