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Permian Basin Royalty Trust Message Board

captaintortoise 3 posts  |  Last Activity: Apr 17, 2014 2:57 PM Member since: Apr 24, 2008
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  • DALLAS, April 17, 2014 /PRNewswire/ -- Permian Basin Royalty Trust PBT -0.75% ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.086274 per unit, payable on May 14, 2014, to unit holders of record on April 30, 2014.

  • Reply to

    Just want to know one thing

    by giday30 Feb 25, 2014 4:39 PM
    captaintortoise captaintortoise Feb 25, 2014 9:47 PM Flag

    Seadrill is currently trailing as a yield of roughly 10.5%, and consequently, the Board sees limited value and increase in the current quarterly distribution beyond the $0.98 per share. However the board for the time being would have reserved these funds for later distribution, buyback of shares or acquisitions. We will however be rewarding shareholders by creating an additional dividend capacity fund by preserving approximately 20% of any net proceeds from the MLP drop downs

  • captaintortoise by captaintortoise Feb 18, 2014 1:04 PM Flag

    Permian Basin Royalty Trust (NYSE: PBT) ("Permian") today declared a cash distribution to the holders of its units of beneficial interest of $0.091691 per unit, payable on March 14, 2014, to unit holders of record on February 28, 2014.

    This month's distribution increased from the previous month due to an increase in pricing for both oil and gas and an increase in gas production. Additionally, there was an increase in oil production as a result of 2013 drilling and recompletion programs. Also, the reduction of capital expenditures contributed to the increase of this distribution.

    Sentiment: Hold

PBT
13.23-0.09(-0.68%)1:02 PMEDT

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