PermRock Royalty Trust (PRT) to Issue Monthly Dividend of $0.00 on June 12th

PermRock Royalty Trust (NYSE:PRT – Get Free Report) declared a monthly dividend on Monday, May 18th. Stockholders of record on Friday, May 29th will be paid a dividend of 0.0027 per share on Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 1.6%. 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 raised its dividend payment by an average of 0.2%annually over the last three years.

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PermRock Royalty Trust Price Performance

PRT opened at $1.96 on Wednesday. The stock’s 50 day simple moving average is $2.93 and its 200 day simple moving average is $3.28. PermRock Royalty Trust has a 1 year low of $1.92 and a 1 year high of $4.28. The firm has a market cap of $23.85 million, a price-to-earnings ratio of 6.53 and a beta of 0.52.

PermRock Royalty Trust (NYSE:PRT – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.03 earnings per share (EPS) 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 company had revenue of $0.66 million for the quarter, compared to the consensus estimate of $4.93 million.

About PermRock Royalty Trust

(Get Free Report)

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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