Permian Basin Royalty Trust (PBT) to Issue Dividend of $0.02 on April 14th

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

Shares of NYSE:PBT opened at $10.03 on Friday. Permian Basin Royalty Trust has a 1 year low of $9.43 and a 1 year high of $14.26. The company has a market cap of $467.49 million, a PE ratio of 12.86 and a beta of 0.72. The stock’s 50-day moving average is $10.86 and its 200 day moving average is $11.49.

Permian Basin Royalty Trust (NYSE:PBT) last announced its quarterly earnings results 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 for the quarter.

Analyst Ratings Changes

Separately, StockNews.com downgraded 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.