Permian Basin Royalty Trust
PBTEnergy · Stock · monthly payer
Forward Yield
0.71%
Annual Dividend
$0.24
Payout Ratio
99%
5-Yr Growth
10.3%
Ex-Date
Sep 30, 2026
Frequency
Monthly
Summary
As of September 2026, Permian Basin Royalty Trust (PBT) yields 0.71% ($0.24 per share annually), with a blended fair-value estimate of $20.88 — -41% downside, so it screens as overvalued. Dividend safety grade: C (60/100).
Is PBT a good dividend stock?
Yes, with caveatsPermian Basin Royalty Trust (PBT) pays a monthly dividend yielding 0.71% ($0.24/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Strong 10.3% 5-yr dividend growth
- 338% total price return over 5 years
Risks
- Cut its dividend in 2025
- Elevated payout ratio (99%)
Key Data
- Dividend Yield
- 0.71%
- Payout Ratio
- 99%
- Annual Dividend
- $0.24
- 5-Yr Avg Growth
- 10.3%
- Ex-Dividend Date
- Sep 30, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.50
- Market Cap
- $1.6B
- P/E Ratio
- 96.6
- 5-Yr Total Return
- 338%
- 52-Week Range
- $16.25 – $37.00
- Dividend Safety
- C · 60/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
PBT Price — Last 12 Months
Daily close
Price Return
1 Year
+91%
3 Years
+78%
5 Years
+338%
52-Week Range
$16.25 – $37.00
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 $20.88 per share, versus a market price of $35.30. That implies 41% of downside.
Fair Value
$20.88
Current Price
$35.30
Downside
-41%
Margin of Safety
-69%
How we get there
Discounted cash flow
Discounts projected free cash flow 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 40.0% annual free-cash-flow growth. We model 20.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $0.35 EPS, $0.24 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
Full PBT dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 31, 2026 | — | $0.0190 | regular |
| Jul 31, 2026 | — | $0.0440 | regular |
| Jun 30, 2026 | — | $0.0250 | regular |
| 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 |
Income Calculator
At $0.24 / yr per share
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