PermRock Royalty Trust (PRT) To Go Ex-Dividend on March 31st

PermRock Royalty Trust (NYSE:PRT) declared a monthly dividend on Friday, March 20th. Stockholders of record on Tuesday, March 31st will be paid a dividend of 0.003 per share on Tuesday, April 14th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 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 Down 1.4%

Shares of PermRock Royalty Trust stock opened at $3.33 on Friday. The company has a market capitalization of $40.54 million, a price-to-earnings ratio of 7.93 and a beta of 0.72. The stock’s 50-day simple moving average is $3.35 and its 200-day simple moving average is $3.61. PermRock Royalty Trust has a 52 week low of $2.61 and a 52 week high of $4.42.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised PermRock Royalty Trust to a “hold” rating in a report on Saturday.

PermRock Royalty Trust Company Profile

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.