Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Benzinga Insights

Permian Basin Royalty's Ex-Dividend Date Is Thursday, Here's What You Need To Know

Wednesday marks the last chance for investors to receive the next dividend payout from Permian Basin Royalty (NYSE:PBT).

What's Happening

The company announced on Tuesday that it would pay shareholders a monthly dividend of $0.0318 per share. On Thursday, Permian Basin Royalty will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $0.0318 lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own PBT as of the end of Wednesday's session are eligible to receive the $0.0318 dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on May 13, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

Click here to find details on Permian Basin Royalty's previous dividends.

To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.