PermRock Royalty Trust (NYSE:PRT) to Issue Monthly Dividend of $0.00

PermRock Royalty Trust (NYSE:PRT) declared 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) annualized dividend and a yield of 1.2%. 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 increased its dividend by an average of 0.2%per year over the last three years.

PermRock Royalty Trust Stock Down 2.7%

PermRock Royalty Trust stock traded down $0.07 during midday trading on Monday, hitting $2.59. 74,391 shares of the stock were exchanged, compared to its average volume of 60,227. The company has a fifty day simple moving average of $3.10 and a two-hundred day simple moving average of $3.37. PermRock Royalty Trust has a 52 week low of $2.56 and a 52 week high of $4.28. The stock has a market capitalization of $31.50 million, a PE ratio of 8.63 and a beta of 0.52.

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

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.