Permian Basin Royalty Trust (PBT) To Go Ex-Dividend on February 28th

Permian Basin Royalty Trust (NYSE:PBT) announced a monthly dividend on Tuesday, February 18th, Wall Street Journal reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.0171 per share by the oil and gas producer on Friday, March 14th. This represents a $0.21 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Friday, February 28th.

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

Permian Basin Royalty Trust Stock Down 1.2 %

PBT stock opened at $10.88 on Wednesday. The stock’s 50 day moving average is $11.27 and its 200-day moving average is $11.62. Permian Basin Royalty Trust has a twelve month low of $10.14 and a twelve month high of $14.58. The firm has a market capitalization of $507.11 million, a PE ratio of 13.95 and a beta of 0.70.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Permian Basin Royalty Trust from a “buy” rating to a “hold” rating in a research note 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.