Permian Basin Royalty Trust Plans Monthly Dividend of $0.05 (PBT)

Permian Basin Royalty Trust (NYSE:PBT) declared a monthly dividend on Friday, November 17th, NASDAQ reports. Shareholders of record on Thursday, November 30th will be paid a dividend of 0.051 per share by the oil and gas producer on Thursday, December 14th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.65%. The ex-dividend date is Wednesday, November 29th.

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 $0.03 during midday trading on Friday, hitting $9.20. 105,600 shares of the company’s stock were exchanged, compared to its average volume of 107,097. Permian Basin Royalty Trust has a one year low of $6.75 and a one year high of $10.30. The company has a market capitalization of $428.80, a P/E ratio of 14.60 and a beta of 0.64.

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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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.

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

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