Permian Basin Royalty Trust said Friday it would pay holders of units of beneficial interest.
The Dallas-based trust said it would pay $.079435 per unit, payable on Sept. 15 to all unit holders of record on Aug. 31.
The trust said the payout would be higher this month because of a rise in oil and gas prices earlier this summer.
Crude prices surged this summer, rising by $20 per barrel from May to June. Benchmark crude for October delivery rose 98 cents Friday to settle at $73.89.