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

Permian Basin Royalty Trust (NYSE:PBT) declared a monthly dividend on Tuesday, January 21st,NASDAQ Dividends reports. Stockholders of record on Friday, January 31st will be given a dividend of 0.0205 per share by the oil and gas producer on Friday, February 14th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, January 31st.

Permian Basin Royalty Trust has raised its dividend by an average of 33.3% annually over the last three years.

Permian Basin Royalty Trust Price Performance

Shares of PBT stock opened at $11.64 on Thursday. Permian Basin Royalty Trust has a 12 month low of $10.14 and a 12 month high of $15.79. The firm has a market capitalization of $542.31 million, a P/E ratio of 14.92 and a beta of 0.70. The company’s fifty day moving average price is $12.15 and its two-hundred day moving average price is $11.65.

Permian Basin Royalty Trust (NYSE:PBT) last released its earnings results on Tuesday, November 12th. The oil and gas producer reported $0.17 EPS for the quarter. The company had revenue of $8.37 million during the quarter. Permian Basin Royalty Trust had a return on equity of 17,811.24% and a net margin of 96.32%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Permian Basin Royalty Trust from a “buy” rating to a “hold” rating in a research note on Monday, January 6th.

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.