NEW YORK ( TheStreet) -- The ex-dividend date for Permian Basin Royalty (NYSE: PBT) is Monday, November 28, 2011. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $19.88 as of 9:39 a.m. ET, the dividend yield is 6.1%. The average volume for Permian Basin Royalty has been 189,900 shares per day over the past 30 days. Permian Basin Royalty has a market cap of $929.8 million and is part of the financial sector and financial services industry. Shares are down 12.4% year to date as of the close of trading on Wednesday. Permian Basin Royalty Trust owns overriding royalty rights in mineral properties in the United States. The company has a P/E ratio of 14.6, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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