PermRock Royalty Trust (NYSE:PRT – Get Free Report) announced a monthly dividend on Friday, March 20th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.003 per share on Tuesday, April 14th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 31st.
PermRock Royalty Trust has decreased its dividend by an average of 0.1%annually over the last three years.
PermRock Royalty Trust Price Performance
Shares of NYSE PRT opened at $3.33 on Friday. PermRock Royalty Trust has a fifty-two week low of $2.61 and a fifty-two week high of $4.42. The firm has a market capitalization of $40.52 million, a P/E ratio of 7.93 and a beta of 0.72. The company’s 50 day simple moving average is $3.35 and its 200 day simple moving average is $3.61.
Institutional Investors Weigh In On PermRock Royalty Trust
About PermRock Royalty Trust
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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