PermRock Royalty Trust (PRT) to Issue Monthly Dividend of $0.01 on March 13th

PermRock Royalty Trust (NYSE:PRT) declared a monthly dividend on Tuesday, February 17th. Stockholders of record on Friday, February 27th will be given a dividend of 0.0108 per share on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Friday, February 27th.

PermRock Royalty Trust has decreased its dividend payment by an average of 0.1%per year over the last three years.

PermRock Royalty Trust Trading Down 0.4%

Shares of NYSE PRT traded down $0.01 during midday trading on Wednesday, hitting $3.36. The company’s stock had a trading volume of 8,771 shares, compared to its average volume of 53,696. The firm has a market capitalization of $40.83 million, a price-to-earnings ratio of 7.99 and a beta of 0.79. The stock has a fifty day moving average price of $3.25 and a 200 day moving average price of $3.68. PermRock Royalty Trust has a one year low of $2.61 and a one year high of $4.63.

PermRock Royalty Trust Company Profile

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.