Permian Basin Royalty Trust (PBT) to Issue Monthly Dividend of $0.04
Permian Basin Royalty Trust (NYSE:PBT) declared a monthly dividend on Tuesday, September 19th, NASDAQ reports. Shareholders of record on Friday, September 29th will be given a dividend of 0.04 per share by the oil and gas producer on Monday, October 16th. This represents a $0.48 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date is Thursday, September 28th.
Permian Basin Royalty Trust has decreased its dividend by an average of 24.6% annually over the last three years.
Permian Basin Royalty Trust (PBT) traded up 1.8146% on Wednesday, reaching $8.7866. 29,673 shares of the company’s stock were exchanged. The company has a market cap of $409.53 million, a price-to-earnings ratio of 13.8590 and a beta of 0.64. The stock’s 50 day moving average is $8.43 and its 200 day moving average is $9.14. Permian Basin Royalty Trust has a 52 week low of $6.66 and a 52 week high of $10.30.
Permian Basin Royalty Trust (NYSE:PBT) last released its quarterly earnings results on Wednesday, August 9th. The oil and gas producer reported $0.15 earnings per share for the quarter. The company had revenue of $7.48 million for the quarter. Permian Basin Royalty Trust had a return on equity of 4,964.71% and a net margin of 95.38%.
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Separately, BidaskClub upgraded Permian Basin Royalty Trust from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 23rd.
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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