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

Permian Basin Royalty Trust (NYSE:PBT) announced a dividend on Friday, December 20th,NASDAQ Dividends reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.0219 per share by the oil and gas producer on Wednesday, January 15th. The ex-dividend date is Tuesday, December 31st.

Permian Basin Royalty Trust has increased its dividend payment by an average of 36.7% annually over the last three years.

Permian Basin Royalty Trust Price Performance

NYSE PBT traded up $0.20 during trading hours on Friday, reaching $11.17. The company’s stock had a trading volume of 250,504 shares, compared to its average volume of 133,253. The firm has a fifty day simple moving average of $12.19 and a 200-day simple moving average of $11.64. Permian Basin Royalty Trust has a 52 week low of $10.14 and a 52 week high of $15.79. The stock has a market cap of $520.63 million, a P/E ratio of 14.32 and a beta of 0.66.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Permian Basin Royalty Trust from a “hold” rating to a “buy” rating in a research note on Wednesday.

Permian Basin Royalty Trust Company Profile

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.