Permian Basin Royalty Trust (NYSE:PBT) declared a monthly dividend on Monday, September 20th, Zacks reports. Shareholders of record on Thursday, September 30th will be paid a dividend of 0.023 per share by the oil and gas producer on Friday, October 15th. This represents a $0.28 annualized dividend and a yield of 5.25%. The ex-dividend date of this dividend is Wednesday, September 29th. This is a positive change from Permian Basin Royalty Trust’s previous monthly dividend of $0.02.
Permian Basin Royalty Trust has decreased its dividend by 62.6% over the last three years.
Shares of PBT opened at $5.26 on Wednesday. The stock has a fifty day moving average price of $5.26 and a two-hundred day moving average price of $4.74. The company has a market cap of $245.17 million, a price-to-earnings ratio of 16.94 and a beta of 1.20. Permian Basin Royalty Trust has a 52-week low of $2.11 and a 52-week high of $5.71.
An institutional investor recently raised its position in Permian Basin Royalty Trust stock. Citadel Advisors LLC increased its stake in shares of Permian Basin Royalty Trust (NYSE:PBT) by 80.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,121 shares of the oil and gas producer’s stock after purchasing an additional 11,669 shares during the period. Citadel Advisors LLC owned approximately 0.06% of Permian Basin Royalty Trust worth $147,000 as of its most recent SEC filing. Institutional investors and hedge funds own 9.46% of the company’s stock.
Permian Basin Royalty Trust Company Profile
Permian Basin Royalty Trust operates as a trust of Southwest Bank. It holds interests in Texas Royalty and Waddell Ranch properties. The company was founded on November 1, 1980 and is headquartered in Dallas, TX.
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