PermRock Royalty Trust (PRT) To Go Ex-Dividend on August 31st

PermRock Royalty Trust (NYSE:PRT – Get Free Report) declared a monthly dividend on Friday, August 21st. Shareholders of record on Monday, August 31st will be given a dividend of 0.0218 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 11.9%. The ex-dividend date of this dividend is Monday, August 31st.

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

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PermRock Royalty Trust Stock Performance

NYSE:PRT opened at $2.20 on Friday. The stock has a market capitalization of $26.77 million, a PE ratio of 9.57 and a beta of 0.40. PermRock Royalty Trust has a fifty-two week low of $1.82 and a fifty-two week high of $4.12. The company has a fifty day moving average of $2.24 and a two-hundred day moving average of $2.71.

PermRock Royalty Trust (NYSE:PRT – Get Free Report) last announced its earnings results on Friday, August 14th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.06). The company had revenue of $0.71 million during the quarter, compared to analyst estimates 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

(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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