Permian Basin Royalty Trust (PBT) Declares $0.045907 Monthly Dividend; 7.8% Yield
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Permian Basin Royalty Trust Announces September Cash Distribution
September 20, 2016 9:05 AM EDTDALLAS, Sept. 20, 2016 /PRNewswire/ --Â Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.045907 per unit, payable on October 17, 2016, to unit holders of record on September 30, 2016.
This month's distribution decreased from the previous month due to a decrease in the net production of oil for the underlying properties, along with the decreased pricing of both oil and gas production, the Waddell Ranch Properties contributed $1,366,781 to this month's distribution.
WADDELL RANCH
Production for the... More
