PermRock Royalty Trust (PRT) to Issue Monthly Dividend of $0.02 on February 13th

PermRock Royalty Trust (NYSE:PRT) announced a monthly dividend on Tuesday, January 20th. Stockholders of record on Friday, January 30th will be given a dividend of 0.0194 per share on Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Friday, January 30th. This is a 18.2% increase from PermRock Royalty Trust’s previous monthly dividend of $0.02.

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 0.3%

Shares of NYSE PRT opened at $3.38 on Wednesday. PermRock Royalty Trust has a 1 year low of $2.61 and a 1 year high of $4.63. The firm’s 50-day moving average is $3.43 and its 200-day moving average is $3.77. The firm has a market capitalization of $41.12 million, a PE ratio of 8.08 and a beta of 0.74.

PermRock Royalty Trust (NYSE:PRT) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $1.26 million for the quarter. PermRock Royalty Trust had a net margin of 85.31% and a return on equity of 7.24%.

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.