Permian Basin Royalty increases distribution

|About: Permian Basin Royalty Trust (PBT)|By:, SA News Editor

Permian Basin Royalty Trust (PBT +0.7%) bumps its monthly distribution to $0.089 per share from $0.072 in July. The annualized yield is 7.9%.

Production of both oil and gas was down this month, but realized prices were higher. Also leading to the higher distribution are lower capital expenditures and operating expenses.