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NEW YORK ( TheStreet) -- The ex-dividend date for Permian Basin Royalty (NYSE: PBT) is Monday, February 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 16 cents per share. At a price of $22.65 as of 10:05 a.m. ET, the dividend yield is 8.8%. The average volume for Permian Basin Royalty has been 155,900 shares per day over the past 30 days. Permian Basin Royalty has a market cap of $956.4 million and is part of the basic materials sector and energy industry. Shares are up 10.2% year to date as of the close of trading on Thursday. Permian Basin Royalty Trust owns overriding royalty rights in mineral properties in the United States. The company has a P/E ratio of 16.4, above the average energy industry P/E ratio of 15.1 and below the S&P 500 P/E ratio of 17.7.