Royalty Management Holding Corporation (NASDAQ:RMCO) Declares Quarterly Dividend of $0.00

Royalty Management Holding Corporation (NASDAQ:RMCO) declared a quarterly dividend on Monday, February 2nd. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.0025 per share on Friday, April 10th. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, March 31st.

Royalty Management Trading Up 2.8%

NASDAQ:RMCO traded up $0.12 during trading hours on Tuesday, hitting $4.24. The company had a trading volume of 5,966 shares, compared to its average volume of 41,883. Royalty Management has a 1 year low of $0.91 and a 1 year high of $5.00. The company has a market cap of $64.12 million, a P/E ratio of -423.50 and a beta of -0.07. The company has a 50-day moving average of $3.11 and a 200 day moving average of $2.60.

Royalty Management (NASDAQ:RMCO) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.05). Royalty Management had a negative net margin of 9.22% and a negative return on equity of 2.94%. The firm had revenue of $1.30 million for the quarter, compared to analyst estimates of $2.00 million.

About Royalty Management

Royalty Management Corporation is a Houston‐based mineral royalty acquisition and management company that owns and operates a diversified portfolio of oil and gas royalty interests. The firm’s primary business activity is the acquisition of royalty and overriding royalty interests in onshore oil and gas properties, allowing investors to participate in production revenue streams without the operational risks associated with drilling and exploration. Royalty Management targets assets in established U.S.