PermRock Royalty Trust (PRT) to Issue Monthly Dividend of $0.03 on May 14th

PermRock Royalty Trust (NYSE:PRT) announced a monthly dividend on Friday, April 19th, investing.com reports. Stockholders of record on Tuesday, April 30th will be paid a dividend of 0.0307 per share on Tuesday, May 14th. This represents a $0.37 annualized dividend and a dividend yield of 9.07%. The ex-dividend date is Monday, April 29th. This is a positive change from PermRock Royalty Trust’s previous monthly dividend of $0.02.

PermRock Royalty Trust Stock Up 0.2 %

Shares of PermRock Royalty Trust stock opened at $4.06 on Friday. The firm has a market capitalization of $49.41 million, a PE ratio of 7.96 and a beta of 0.93. PermRock Royalty Trust has a 12-month low of $3.99 and a 12-month high of $6.99. The stock’s fifty day moving average is $4.28 and its 200-day moving average is $4.70.

PermRock Royalty Trust (NYSE:PRT) last released its quarterly earnings results on Monday, April 1st. The company reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $1.51 million during the quarter. PermRock Royalty Trust had a return on equity of 8.03% and a net margin of 87.13%.

PermRock Royalty Trust Company Profile

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.