$13.38
-0.07 (-0.49%)
Permian Basin Royalty Trust (PBT)
CAPS Rating:
The Company's business is to collect the income attributable to the Royalties, to pay all expenses and charges of the Trust, and then distribute the remaining available income to the Unit holders.
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This is a solid energy stock paying reliable dividends on a monthly basis. They have had no problems doing this through the ups and downs of the energy market and are not likely to in the future either. The only possilbe drawback is that this is set up as a Royalty Trust here in the United States and is limited by U.S. rules which do not allow them to buy more properties and add to the Trust. If they run out of oil on their properties - they are all done. They should be good for at least five (5) years before that happens though. Re-Investing the monthly dividend should make for a nice long-term profit no matter what else happens politically here in the U.S.