PermRock Royalty Trust (PRT) To Go Ex-Dividend on May 29th

PermRock Royalty Trust (NYSE:PRT) announced a monthly dividend on Monday, May 18th. Investors of record on Friday, May 29th will be given a dividend of 0.0027 per share on Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, May 29th. This is a 463.2% increase from PermRock Royalty Trust’s previous monthly dividend of $0.000473.

PermRock Royalty Trust has raised its dividend by an average of 0.2%annually over the last three years.

PermRock Royalty Trust Stock Performance

PRT opened at $2.33 on Wednesday. PermRock Royalty Trust has a 52-week low of $2.30 and a 52-week high of $4.28. The firm has a market capitalization of $28.30 million, a PE ratio of 7.75 and a beta of 0.52. The business’s 50-day simple moving average is $3.06 and its 200 day simple moving average is $3.35.

PermRock Royalty Trust (NYSE:PRT) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). PermRock Royalty Trust had a net margin of 80.38% and a return on equity of 7.59%. The company had revenue of $0.66 million during the quarter, compared to the consensus estimate of $4.93 million.

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.