Permian Basin Royalty Trust (NYSE:PBT) to Issue Monthly Dividend of $0.02

Permian Basin Royalty Trust (NYSE:PBT) declared a monthly dividend on Tuesday, January 21st,NASDAQ Dividends reports. Stockholders of record on Friday, January 31st will be given a dividend of 0.0205 per share by the oil and gas producer on Friday, February 14th. This represents a $0.25 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Friday, January 31st.

Permian Basin Royalty Trust has increased its dividend payment by an average of 33.3% per year over the last three years.

Permian Basin Royalty Trust Stock Down 2.9 %

Shares of NYSE PBT opened at $11.64 on Thursday. The stock has a market capitalization of $542.31 million, a P/E ratio of 14.92 and a beta of 0.70. The firm’s 50-day moving average price is $12.15 and its two-hundred day moving average price is $11.65. Permian Basin Royalty Trust has a 52-week low of $10.14 and a 52-week high of $15.79.

Permian Basin Royalty Trust (NYSE:PBT) last announced its quarterly earnings results on Tuesday, November 12th. The oil and gas producer reported $0.17 earnings per share (EPS) for the quarter. The business had revenue of $8.37 million for the quarter. Permian Basin Royalty Trust had a return on equity of 17,811.24% and a net margin of 96.32%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Permian Basin Royalty Trust from a “buy” rating to a “hold” rating in a report on Monday, January 6th.

Permian Basin Royalty Trust Company Profile

Permian Basin Royalty Trust, an express trust, holds royalty interests in various oil and gas properties in the United States. The company holds a 75% net overriding royalty interest in the Waddell Ranch properties, including Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell fields in Crane County, Texas.