Permian Basin Royalty Trust
PBTEnergy · Stock · monthly payer
Forward Yield
1.43%
Annual Dividend
$0.35
Payout Ratio
102%
5-Yr Growth
10.3%
Ex-Date
Jun 30, 2026
Frequency
Monthly
Summary
As of June 2026, Permian Basin Royalty Trust (PBT) yields 1.43% ($0.35 per share annually), with a blended fair-value estimate of $18.50 — -24% downside, so it screens as overvalued. Dividend safety grade: C (55/100).
Is PBT a good dividend stock?
MixedPermian Basin Royalty Trust (PBT) pays a monthly dividend yielding 1.43% ($0.35/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 10.3% 5-yr dividend growth
- 351% total price return over 5 years
Risks
- Cut its dividend in 2025
- Elevated payout ratio (102%)
Key Data
- Dividend Yield
- 1.43%
- Payout Ratio
- 102%
- Annual Dividend
- $0.35
- 5-Yr Avg Growth
- 10.3%
- Ex-Dividend Date
- Jun 30, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.46
- Market Cap
- $1.1B
- P/E Ratio
- 78.5
- 5-Yr Total Return
- 351%
- 52-Week Range
- $12.31 – $32.25
- Dividend Safety
- C · 55/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
PBT Price — Last 12 Months
Daily close
Price Return
1 Year
+82%
3 Years
+1%
5 Years
+351%
52-Week Range
$12.31 – $32.25
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PBT worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Permian Basin Royalty Trust is $18.50 per share, versus a market price of $24.34. That implies 24% of downside.
Fair Value
$18.50
Current Price
$24.34
Downside
-24%
Margin of Safety
-32%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 17.4% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $0.31 EPS, $0.35 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PBT Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 29, 2026 | — | $0.0200 | regular |
| Apr 30, 2026 | — | $0.0380 | regular |
| Mar 31, 2026 | — | $0.0110 | regular |
| Feb 27, 2026 | — | $0.0140 | regular |
| Jan 30, 2026 | — | $0.0400 | regular |
| Dec 31, 2025 | — | $0.0130 | regular |
| Nov 28, 2025 | — | $0.0190 | regular |
| Oct 31, 2025 | — | $0.0200 | regular |
| Sep 30, 2025 | — | $0.1150 | regular |
| Aug 29, 2025 | — | $0.0160 | regular |
| Jul 31, 2025 | — | $0.0150 | regular |
| Jun 30, 2025 | — | $0.0130 | regular |
| May 30, 2025 | — | $0.0190 | regular |
| Apr 30, 2025 | — | $0.0200 | regular |
Income Calculator
At $0.35 / yr per share
