Permian Basin Royalty Trust (PBT) Declares Dividend of $0.04
Permian Basin Royalty Trust (NYSE:PBT) announced a dividend on Friday, July 21st, Fidelity reports. Shareholders of record on Monday, July 31st will be paid a dividend of 0.0408 per share by the oil and gas producer on Monday, August 14th. The ex-dividend date is Thursday, July 27th.
Permian Basin Royalty Trust has decreased its dividend by an average of 24.6% per year over the last three years.
Shares of Permian Basin Royalty Trust (NYSE PBT) traded down 0.490% during midday trading on Friday, reaching $9.135. 39,557 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $9.08 and its 200 day moving average price is $9.21. Permian Basin Royalty Trust has a 52-week low of $6.10 and a 52-week high of $10.30. The firm has a market capitalization of $425.76 million, a P/E ratio of 16.226 and a beta of 0.58.
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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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