PermRock Royalty Trust (PRT) to Issue Monthly Dividend of $0.03 on December 12th

PermRock Royalty Trust (NYSE:PRT) declared a monthly dividend on Monday, November 17th. Shareholders of record on Friday, November 28th will be given a dividend of 0.0288 per share on Friday, December 12th. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date is Friday, November 28th.

PermRock Royalty Trust has decreased its dividend payment by an average of 0.1%per year over the last three years.

PermRock Royalty Trust Price Performance

NYSE PRT opened at $3.94 on Wednesday. PermRock Royalty Trust has a fifty-two week low of $3.26 and a fifty-two week high of $4.63. The stock’s 50-day moving average is $3.90 and its two-hundred day moving average is $3.96. The firm has a market cap of $47.93 million, a P/E ratio of 8.95 and a beta of 1.13.

PermRock Royalty Trust (NYSE:PRT) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.09 earnings per share (EPS) for the quarter. PermRock Royalty Trust had a return on equity of 7.46% and a net margin of 84.81%.The company had revenue of $1.26 million during the quarter.

PermRock Royalty Trust Company Profile

PermRock Royalty Trust operates as a statutory trust. It owns interests in the oil and natural gas producing properties. The company's underlying properties include 22,394 net acres in the Permian Basin. The company was founded in 2017 and is based in Dallas, Texas.