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

PermRock Royalty Trust (NYSE:PRT – Get Free Report) declared a monthly dividend on Friday, September 18th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.0196 per share on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 11.7%. The ex-dividend date is Wednesday, September 30th.

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

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PermRock Royalty Trust Price Performance

PRT stock opened at $2.01 on Friday. PermRock Royalty Trust has a one year low of $1.82 and a one year high of $4.01. The stock has a market cap of $24.46 million, a price-to-earnings ratio of 8.74 and a beta of 0.41. The company has a fifty day moving average price of $2.20 and a two-hundred day moving average price of $2.54.

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

PermRock Royalty Trust Company Profile

(Get Free Report)

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.

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