PermRock Royalty Trust (NYSE:PRT) Announces Monthly Dividend of $0.00

PermRock Royalty Trust (NYSE:PRT) declared a monthly dividend on Monday, April 20th. Stockholders of record on Thursday, April 30th will be paid a dividend of 0.0005 per share on Thursday, May 14th. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, April 30th.

PermRock Royalty Trust has raised its dividend payment by an average of 0.2%annually over the last three years.

PermRock Royalty Trust Stock Down 0.3%

PRT opened at $2.99 on Tuesday. The firm’s fifty day simple moving average is $3.32 and its two-hundred day simple moving average is $3.50. PermRock Royalty Trust has a 52-week low of $2.61 and a 52-week high of $4.28. The company has a market cap of $36.39 million, a price-to-earnings ratio of 7.67 and a beta of 0.64.

PermRock Royalty Trust (NYSE:PRT) last released its quarterly earnings results on Friday, March 27th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). PermRock Royalty Trust had a return on equity of 7.94% and a net margin of 84.04%.The company had revenue of $1.07 million for the quarter, compared to analyst estimates of $4.93 million.

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.