PermRock Royalty Trust Declares Dividend of $0.04 (NYSE:PRT)

PermRock Royalty Trust (NYSE:PRT) announced a dividend on Friday, March 21st, NASDAQ Dividends reports. Investors of record on Monday, March 31st will be paid a dividend of 0.04 per share on Monday, April 14th. The ex-dividend date is Monday, March 31st.

PermRock Royalty Trust Stock Performance

NYSE:PRT traded up $0.05 during mid-day trading on Friday, hitting $4.07. The stock had a trading volume of 47,770 shares, compared to its average volume of 48,737. PermRock Royalty Trust has a twelve month low of $3.26 and a twelve month high of $4.63. The stock has a market cap of $49.52 million, a price-to-earnings ratio of 9.69 and a beta of 0.95. The company’s 50 day simple moving average is $4.19 and its 200 day simple moving average is $3.97.

About PermRock Royalty Trust

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.