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

Permian Basin Royalty Trust (NYSE:PBT) announced a dividend on Friday, December 20th,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.0219 per share by the oil and gas producer on Wednesday, January 15th. The ex-dividend date of this dividend is Tuesday, December 31st.

Permian Basin Royalty Trust has increased its dividend by an average of 36.7% annually over the last three years.

Permian Basin Royalty Trust Stock Up 1.8 %

NYSE:PBT opened at $11.17 on Friday. The company’s 50 day moving average is $12.19 and its 200-day moving average is $11.64. The firm has a market cap of $520.63 million, a price-to-earnings ratio of 14.32 and a beta of 0.66. Permian Basin Royalty Trust has a 12 month low of $10.14 and a 12 month high of $15.79.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Permian Basin Royalty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday.

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.