Permian Basin Royalty Trust (PBT) to Issue Dividend of $0.02 on January 15th

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 given a dividend of 0.0219 per share by the oil and gas producer on Wednesday, January 15th. The ex-dividend date of this dividend is Tuesday, December 31st.

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

Permian Basin Royalty Trust Stock Performance

Shares of NYSE PBT opened at $11.17 on Friday. The business has a 50 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 price-to-earnings ratio of 14.32 and a beta of 0.66.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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.