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

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

PrairieSky Royalty Trading Down 0.3%

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 business’s 50-day moving average price is C$33.38 and its two-hundred day moving average price is C$30.90. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 9.36. The firm has a market capitalization of C$7.46 billion, a price-to-earnings ratio of 37.35, a PEG ratio of 0.47 and a beta of 0.75.

Insiders Place Their Bets

In other PrairieSky Royalty news, insider Ian Charles Dundas bought 7,500 shares of PrairieSky Royalty stock in a transaction on Friday, June 19th. The shares were purchased at an average cost of C$31.89 per share, for a total transaction of C$239,175.00. Following the completion of the acquisition, the insider owned 27,500 shares in the company, valued at approximately C$876,975. The trade was a 37.50% increase in their position. Corporate insiders own 0.54% of the company’s stock.

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.