Permian Basin Royalty Trust Plans Monthly Dividend of $0.05 (pbt)

Permian Basin Royalty Trust (NYSE:pbt) announced a monthly dividend on Tuesday, September 20th. Stockholders of record on Friday, September 30th will be given a dividend of 0.046 per share on Monday, October 17th. This represents a $0.55 annualized dividend and a dividend yield of 7.75%. The ex-dividend date of this dividend is Wednesday, September 28th.

Permian Basin Royalty Trust (NYSE:PBT) traded down 1.83% during mid-day trading on Friday, hitting $6.99. The stock had a trading volume of 38,085 shares. The company’s 50 day moving average price is $6.97 and its 200 day moving average price is $6.77. Permian Basin Royalty Trust has a 52 week low of $4.20 and a 52 week high of $7.79. The firm has a market cap of $325.79 million, a PE ratio of 22.77 and a beta of 0.62.

About Permian Basin Royalty Trust

Permian Basin Royalty Trust is an express trust. The Company’s Waddell Ranch properties have proved reserves in approximately six fields, which include Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell. The Company’s Waddell Ranch Properties have mineral interests in the Waddell Ranch in approximately 78,715 gross (34,205 net) producing acres.

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