Permian Basin Royalty Trust (NYSE:PBT) announced a dividend on Monday, August 21st, NASDAQ reports. Stockholders of record on Thursday, August 31st will be paid a dividend of 0.046 per share by the oil and gas producer on Friday, September 15th. The ex-dividend date of this dividend is Tuesday, August 29th.

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) opened at 8.26 on Tuesday. The stock has a 50 day moving average price of $8.85 and a 200-day moving average price of $9.26. The stock has a market cap of $384.98 million, a P/E ratio of 13.03 and a beta of 0.59. Permian Basin Royalty Trust has a 12 month low of $6.65 and a 12 month high of $10.30.

Permian Basin Royalty Trust (NYSE:PBT) last announced its earnings results on Wednesday, August 9th. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter. Permian Basin Royalty Trust had a net margin of 95.38% and a return on equity of 4,964.71%. The company had revenue of $7.48 million for the quarter.

Separately, BidaskClub downgraded shares of Permian Basin Royalty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st.

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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.

Dividend History for Permian Basin Royalty Trust (NYSE:PBT)

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