Permian Basin Royalty Trust (PBT) To Go Ex-Dividend on March 31st

Permian Basin Royalty Trust (NYSE:PBT) announced a monthly dividend on Friday, March 20th. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.0107 per share by the oil and gas producer on Tuesday, April 14th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, March 31st.

Permian Basin Royalty Trust has increased its dividend by an average of 0.1%per year over the last three years.

Permian Basin Royalty Trust Stock Performance

Shares of PBT opened at $22.22 on Friday. The firm has a fifty day moving average of $19.71 and a 200-day moving average of $18.57. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 69.45 and a beta of 0.43. Permian Basin Royalty Trust has a 1 year low of $8.01 and a 1 year high of $22.65.

Permian Basin Royalty Trust (NYSE:PBT) last issued its quarterly earnings data on Friday, March 27th. The oil and gas producer reported $0.06 earnings per share for the quarter. The firm had revenue of $2.61 million for the quarter. Permian Basin Royalty Trust had a net margin of 88.68% and a return on equity of 9,354.51%.

Permian Basin Royalty Trust Company Profile

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.