Permian Basin Royalty Trust to Issue Dividend of $0.04 (NYSE:PBT)
Permian Basin Royalty Trust (NYSE:PBT) declared a dividend on Friday, September 20th, Fidelity reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.04 per share by the oil and gas producer on Tuesday, October 15th. The ex-dividend date is Friday, September 27th.
Permian Basin Royalty Trust has increased its dividend payment by an average of 21.3% annually over the last three years and has raised its dividend annually for the last 2 consecutive years.
Shares of Permian Basin Royalty Trust stock traded up $0.02 during trading hours on Friday, reaching $4.94. The company’s stock had a trading volume of 68,814 shares, compared to its average volume of 117,467. Permian Basin Royalty Trust has a one year low of $4.71 and a one year high of $8.50. The company has a market capitalization of $230.71 million, a P/E ratio of 10.10 and a beta of 0.82. The stock’s fifty day simple moving average is $4.95 and its two-hundred day simple moving average is $6.10.
Separately, TheStreet lowered shares of Permian Basin Royalty Trust from a “b-” rating to a “c+” rating in a research note on Monday, June 10th.
About Permian Basin Royalty Trust
Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States. The company owns a 75% net overriding royalty interest in the Waddell Ranch properties comprising Dune, Judkins, McKnight, Tubb, University-Waddell, and Waddell fields located in Crane County, Texas.
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