Permian Basin Royalty Trust (NYSE:PBT – Get Free Report) declared a monthly dividend on Monday, September 23rd, Wall Street Journal reports. Investors of record on Monday, September 30th will be paid a dividend of 0.0507 per share by the oil and gas producer on Tuesday, October 15th. This represents a $0.61 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend is Monday, September 30th.
Permian Basin Royalty Trust has increased its dividend by an average of 36.7% annually over the last three years.
Permian Basin Royalty Trust Price Performance
Shares of NYSE:PBT traded up $0.25 during midday trading on Monday, reaching $11.38. The company had a trading volume of 100,302 shares, compared to its average volume of 124,498. The stock has a market capitalization of $530.41 million, a P/E ratio of 17.95 and a beta of 0.56. The stock’s fifty day moving average price is $11.18 and its 200-day moving average price is $11.81. Permian Basin Royalty Trust has a one year low of $10.14 and a one year high of $22.14.
About Permian Basin Royalty Trust
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.
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