Thursday Is Your Last Chance To Buy Permian Basin Royalty Before The Dividend Payout

Thursday 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 Friday that it would pay shareholders a monthly dividend of 20.86 cents per share. On Friday, 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 20.86 cents 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, Friday. Shareholders who own PBT as of the end of Thursday's session are eligible to receive the 20.86 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on November 15, 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.