Permian Basin Royalty Trust Plans Dividend of $0.05 (PBT)

Permian Basin Royalty Trust (NYSE:PBT) declared a dividend on Monday, December 18th, NASDAQ reports. Investors of record on Friday, December 29th will be paid a dividend of 0.051 per share by the oil and gas producer on Tuesday, January 16th. The ex-dividend date is Thursday, December 28th.

Permian Basin Royalty Trust has decreased its dividend by an average of 24.6% per year over the last three years.

Shares of Permian Basin Royalty Trust (NYSE:PBT) traded down $0.05 during midday trading on Tuesday, reaching $8.91. 195,300 shares of the company were exchanged, compared to its average volume of 106,315. The firm has a market cap of $417.61, a price-to-earnings ratio of 14.22 and a beta of 0.64. Permian Basin Royalty Trust has a 12-month low of $7.61 and a 12-month high of $10.30.

Separately, BidaskClub raised shares of Permian Basin Royalty Trust from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 23rd.

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Permian Basin Royalty Trust Company Profile

Permian Basin Royalty Trust is an express trust. The Company’s Waddell Ranch Properties has mineral interests in the Waddell Ranch. Its Waddell Ranch properties have proved reserves in six fields: Dune, Sand Hills (Judkins), Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell.

Dividend History for Permian Basin Royalty Trust (NYSE:PBT)

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