Permian Basin Royalty Trust (PBT) To Go Ex-Dividend on May 29th

Permian Basin Royalty Trust (NYSE:PBT) declared a monthly dividend on Monday, May 18th. Stockholders of record on Friday, May 29th will be given a dividend of 0.0204 per share by the oil and gas producer on Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 29th.

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

Permian Basin Royalty Trust Price Performance

PBT stock opened at $30.06 on Wednesday. Permian Basin Royalty Trust has a 12 month low of $10.80 and a 12 month high of $32.25. The firm has a market cap of $1.40 billion, a PE ratio of 93.94 and a beta of 0.42. The firm has a 50 day simple moving average of $23.64 and a 200 day simple moving average of $20.34.

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

About Permian Basin Royalty Trust

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.