PermRock Royalty Trust (NYSE:PRT) Announces $0.04 Monthly Dividend

PermRock Royalty Trust (NYSE:PRT) announced a monthly dividend on Tuesday, February 18th,Wall Street Journal reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.0402 per share on Friday, March 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 11.22%. The ex-dividend date of this dividend is Friday, February 28th.

PermRock Royalty Trust Trading Up 1.4 %

Shares of PermRock Royalty Trust stock traded up $0.06 during trading on Wednesday, reaching $4.30. The stock had a trading volume of 63,609 shares, compared to its average volume of 60,375. The company has a market capitalization of $52.33 million, a price-to-earnings ratio of 10.24 and a beta of 1.06. The stock has a fifty day moving average price of $3.94 and a two-hundred day moving average price of $3.96. PermRock Royalty Trust has a 52 week low of $3.26 and a 52 week high of $4.64.

PermRock Royalty Trust Company Profile

PermRock Royalty Trust operates as a statutory trust. It owns interests in the oil and natural gas producing properties. The company's underlying properties include 22,394 net acres in the Permian Basin. The company was founded in 2017 and is based in Dallas, Texas.