PermRock Royalty Trust (NYSE:PRT) Announces Monthly Dividend of $0.03

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

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

PermRock Royalty Trust Stock Performance

Shares of PRT stock opened at $3.92 on Tuesday. The stock has a fifty day moving average price of $3.90 and a 200 day moving average price of $3.96. The stock has a market cap of $47.70 million, a PE ratio of 8.91 and a beta of 1.13. PermRock Royalty Trust has a 1 year low of $3.26 and a 1 year high of $4.63.

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. The business had revenue of $1.26 million during the quarter. PermRock Royalty Trust had a return on equity of 7.46% and a net margin of 84.81%.

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.