5 High Growth Monthly Dividend Stocks to Buy

3. Permian Basin Royalty Trust (NYSE:PBT)

YoY Revenue Growth for the Most Recent Reported Quarter: 727%

Most Recent Monthly Dividend per Share: 4.13 cents

Permian Basin Royalty Trust (NYSE:PBT) is a Fort Worth, Texas-based publicly traded trust founded in 1980 that owns a net profit interest in oil and natural gas properties located in the Permian Basin, which is one of the largest oil-producing regions in the United States.

The trust owns overriding royalty interests in oil and gas production from properties located in West Texas and New Mexico. The trust’s royalty interests are based on a percentage of the gross proceeds from the sale of oil, gas, and other related products produced from the properties. As Trustee of the Permian Basin Royalty Trust, Argent Trust Corporation announced a cash payment of 4.13 cents per unit to the owners of its beneficial interest units, which is due on March 14 to unit holders of record on February 28. The increase in distribution this month over last month was mostly due to higher gas and oil production, which was partially offset by higher gas and lower oil prices for the Waddell Ranch and Texas Royalty Properties in December.