Permian Basin Royalty Trust to Issue Dividend of $0.02 (NYSE:PBT)

Permian Basin Royalty Trust (NYSE:PBT) announced a dividend on Friday, March 21st, NASDAQ Dividends reports. Shareholders of record on Monday, March 31st will be given 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 payment by an average of 28.8% per year over the last three years.

Permian Basin Royalty Trust Price Performance

NYSE:PBT traded down $0.13 on Friday, hitting $10.03. 78,529 shares of the company’s stock were exchanged, compared to its average volume of 131,145. The company has a market cap of $467.49 million, a P/E ratio of 12.86 and a beta of 0.72. The firm has a 50-day moving average price of $10.86 and a 200-day moving average price of $11.49. Permian Basin Royalty Trust has a 52 week low of $9.43 and a 52 week high of $14.26.

Permian Basin Royalty Trust (NYSE:PBT) last announced its earnings results on Friday, March 14th. The oil and gas producer reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $3.79 million for the quarter. Permian Basin Royalty Trust had a net margin of 96.32% and a return on equity of 17,811.24%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Permian Basin Royalty Trust from a “buy” rating to a “hold” rating in a report on Thursday, February 20th.

About Permian Basin Royalty Trust

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.