PermRock Royalty Trust (PRT) To Go Ex-Dividend on October 30th

PermRock Royalty Trust (NYSE:PRT) announced a monthly dividend on Tuesday, October 20th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.0162 per share on Monday, November 16th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 13.4%. The ex-dividend date is Friday, October 30th. This is a 17.4% decrease from PermRock Royalty Trust’s previous monthly dividend of $0.0196.

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

PermRock Royalty Trust Stock Performance

NYSE:PRT opened at $1.45 on Wednesday. PermRock Royalty Trust has a one year low of $1.40 and a one year high of $4.01. The business’s 50-day simple moving average is $1.96 and its 200 day simple moving average is $2.57. The stock has a market cap of $17.64 million, a price-to-earnings ratio of 6.30 and a beta of 0.45.

PermRock Royalty Trust (NYSE:PRT) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). The company had revenue of $0.71 million during the quarter, compared to analysts’ expectations of $4.93 million.

About PermRock Royalty Trust

PermRock Royalty Trust (NYSE: PRT) is a grantor trust that owns a net profits interest in oil and natural gas properties located in the Permian Basin of West Texas. The trust is designed to distribute to its unitholders a portion of the cash generated from the sale of hydrocarbons produced from these properties, after applicable production expenses and other deductions.

The trust was established in 2017 in connection with an initial public offering of its units. Its interests were contributed by Boaz Energy II, LLC, an independent oil and gas company.