PrairieSky Royalty Ltd. (TSE:PSK) Declares $0.27 Quarterly Dividend

PrairieSky Royalty Ltd. (TSE:PSK) declared a quarterly dividend on Tuesday, June 30th, TickerTech Dividends reports. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.265 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th.

PrairieSky Royalty Trading Down 0.3%

Shares of TSE PSK opened at C$32.12 on Friday. PrairieSky Royalty has a 1-year low of C$23.17 and a 1-year high of C$35.89. The company has a 50-day moving average of C$33.38 and a two-hundred day moving average of C$30.90. The company has a market cap of C$7.46 billion, a PE ratio of 37.35, a P/E/G ratio of 0.47 and a beta of 0.75. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 9.36.

About PrairieSky Royalty

PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas. Property arrangements can be contracted as lease issuances, farmouts, drilling commitments, or seismic option agreements.