PermRock Royalty Trust (NYSE:PRT – Get Free Report) 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 dividend yield of 5.1%. The ex-dividend date of this dividend is Wednesday, December 31st.
PermRock Royalty Trust has decreased its dividend payment by an average of 0.1%per year over the last three years.
PermRock Royalty Trust Trading Up 0.1%
Shares of PermRock Royalty Trust stock traded up $0.01 during trading on Friday, reaching $3.84. The stock had a trading volume of 20,670 shares, compared to its average volume of 38,143. The company has a market capitalization of $46.66 million, a price-to-earnings ratio of 9.13 and a beta of 0.66. The stock has a fifty day moving average price of $3.90 and a two-hundred day moving average price of $3.96. PermRock Royalty Trust has a 52 week low of $3.37 and a 52 week high of $4.63.
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.
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