Permian Basin raises monthly payout above $0.10.

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

Permian Basin Royalty Trust (PBT -0.5%) ups its monthly distribution to $0.106268 per unit from $0.089 previously. It's payable on October 15 to holders of record on September 30. The annualized yield is 9.3%.

Increased production for both oil and gas, along with higher oil prices are beyond the higher payout. Gas prices, however, fell a bit.

About seven 2013 workover wells were completed during July. Capital expenditures summed to $2.14M.