PermRock Royalty Trust (NYSE:PRT) to Issue $0.02 Monthly Dividend

PermRock Royalty Trust (NYSE:PRT) announced a monthly dividend on Friday, December 19th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.0164 per share on Thursday, January 15th. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, December 31st.

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

PermRock Royalty Trust Stock Performance

Shares of PRT opened at $3.84 on Friday. The business’s 50-day moving average is $3.90 and its two-hundred day moving average is $3.96. The company has a market capitalization of $46.67 million, a P/E ratio of 9.13 and a beta of 0.66. PermRock Royalty Trust has a fifty-two week low of $3.37 and a fifty-two week high of $4.63.

PermRock Royalty Trust (NYSE:PRT) last issued its quarterly earnings data 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 7.24% and a net margin of 85.31%.The business had revenue of $1.26 million during the quarter.

About PermRock Royalty Trust

PermRock Royalty Trust is an unincorporated statutory trust established in 2018 by PDC Energy under Delaware law to hold non-operated royalty interests in oil and natural gas properties. The trust’s assets derive from a portfolio of mineral and royalty interests originally contributed by PDC Energy, primarily focused on the Delaware Basin of West Texas. As a royalty trust, PermRock does not engage in drilling or field operations but instead receives royalty income from production generated by third-party operators.

The core business activity of PermRock revolves around collecting and distributing net profits interest and mineral royalty payments from producing wells.