PermRock Royalty Trust (NYSE:PRT) to Issue Monthly Dividend of $0.02

PermRock Royalty Trust (NYSE:PRT) announced a monthly dividend on Friday, September 18th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.0196 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 11.7%. The ex-dividend date of this dividend is Wednesday, September 30th.

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

PermRock Royalty Trust Price Performance

PRT stock traded down $0.05 during mid-day trading on Friday, hitting $2.01. 47,076 shares of the stock were exchanged, compared to its average volume of 52,948. The business has a fifty day moving average price of $2.20 and a 200 day moving average price of $2.54. PermRock Royalty Trust has a 12 month low of $1.82 and a 12 month high of $4.01. The stock has a market capitalization of $24.45 million, a price-to-earnings ratio of 8.74 and a beta of 0.41.

PermRock Royalty Trust (NYSE:PRT) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.06). The firm had revenue of $0.71 million for the quarter, compared to the consensus estimate of $4.93 million. PermRock Royalty Trust had a net margin of 77.46% and a return on equity of 7.72%.

About PermRock Royalty Trust

PermRock Royalty Trust (NYSE: PRT) is a grantor trust that owns a net profits interest in certain oil and natural gas properties in the Permian Basin of West Texas. The trust is designed to distribute cash generated from its interests in the underlying properties to its unitholders after applicable production and operating expenses.

The trust’s assets are primarily associated with developed and undeveloped properties in the Midland and Delaware basins. Its production portfolio includes crude oil, natural gas and natural gas liquids.