Permian Basin Royalty Trust (PBT) Declares $0.047121 Monthly Dividend; 7.9% Yield
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Permian Basin Royalty Trust Announces October Cash Distribution
October 21, 2016 11:30 AM EDTDALLAS, Oct. 21, 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 $0.047121 per unit, payable on November 15, 2016, to unit holders of record on October 31, 2016.
This month's distribution increased from the previous month due to an increase in the net production of oil for the Waddell Ranch properties, offset by a slight decrease in pricing of oil production. The Waddell Ranch Properties contributed $1,347,309 to this month's distribution. The Texas Royalty Properties had an increase in oil... More
