Permian Basin Royalty Trust (PBT) To Go Ex-Dividend on July 31st

Permian Basin Royalty Trust (NYSE:PBTGet Free Report) announced a monthly dividend on Tuesday, July 21st. Shareholders of record on Friday, July 31st will be paid a dividend of 0.0436 per share by the oil and gas producer on Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, July 31st. This is a 76.6% increase from Permian Basin Royalty Trust’s previous monthly dividend of $0.02.

Permian Basin Royalty Trust has increased its dividend payment by an average of 0.1%per year over the last three years.

Permian Basin Royalty Trust Stock Up 2.5%

NYSE PBT opened at $29.47 on Thursday. Permian Basin Royalty Trust has a 52 week low of $12.65 and a 52 week high of $32.25. The business has a 50 day moving average price of $27.58 and a 200-day moving average price of $22.96. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 92.09 and a beta of 0.48.

Permian Basin Royalty Trust (NYSE:PBTGet Free Report) last issued its earnings results on Thursday, May 14th. The oil and gas producer reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $3.57 million for the quarter. Permian Basin Royalty Trust had a return on equity of 9,061.81% and a net margin of 88.99%.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Permian Basin Royalty Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Read Our Latest Report on PBT

Permian Basin Royalty Trust Company Profile

(Get Free Report)

Permian Basin Royalty Trust (NYSE: PBT) is a passive investment vehicle that holds overriding royalty interests in oil and gas properties located in the Permian Basin region of West Texas. Established in 1980 by Apache Oil Company, the Trust does not engage in exploration or production activities. Instead, it owns net profit interests on specified acreage, allowing unitholders to participate directly in the cash flows generated by hydrocarbon extraction without bearing the costs or risks associated with day-to-day field operations.

The Trust’s interests cover acreage predominantly in Reeves and Loving Counties, where mature wells have been developed over several decades.

See Also

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

Receive News & Ratings for Permian Basin Royalty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Permian Basin Royalty Trust and related companies with MarketBeat.com's FREE daily email newsletter.