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

Permian Basin Royalty Trust (NYSE:PBT) announced a dividend on Friday, March 21st, NASDAQ Dividends reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.018 per share by the oil and gas producer on Monday, April 14th. The ex-dividend date of this dividend is Monday, March 31st.

Permian Basin Royalty Trust has raised its dividend by an average of 28.8% per year over the last three years.

Permian Basin Royalty Trust Trading Down 1.3 %

Shares of PBT traded down $0.13 during mid-day trading on Friday, reaching $10.03. The company’s stock had a trading volume of 78,529 shares, compared to its average volume of 131,145. Permian Basin Royalty Trust has a 1-year low of $9.43 and a 1-year high of $14.26. The stock has a market cap of $467.49 million, a P/E ratio of 12.86 and a beta of 0.72. The business has a 50-day simple moving average of $10.86 and a two-hundred day simple moving average of $11.49.

Permian Basin Royalty Trust (NYSE:PBT) last released its quarterly earnings data on Friday, March 14th. The oil and gas producer reported $0.08 earnings per share (EPS) for the quarter. Permian Basin Royalty Trust had a return on equity of 17,811.24% and a net margin of 96.32%. The company had revenue of $3.79 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Permian Basin Royalty Trust from a “buy” rating to a “hold” rating in a report on Thursday, February 20th.

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.