PermRock Royalty Trust (NYSE:PRT) Shareholders to Get $0.02 Monthly Dividend

PermRock Royalty Trust (NYSE:PRT) announced a monthly dividend on Tuesday, October 20th. Stockholders of record on Friday, October 30th will be given a dividend of $0.0162 per share on Monday, November 16th. This represents a $0.19 annualized dividend and a dividend yield of 12.3%. The ex-dividend date is Friday, October 30th. This is a 17.4% decrease from PermRock Royalty Trust’s previous monthly dividend of $0.0196.

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

PermRock Royalty Trust Price Performance

Shares of PRT stock traded down $0.23 during trading hours on Tuesday, hitting $1.58. The stock had a trading volume of 112,025 shares, compared to its average volume of 50,905. The firm has a market capitalization of $19.24 million, a PE ratio of 6.87 and a beta of 0.45. PermRock Royalty Trust has a twelve month low of $1.58 and a twelve month high of $4.01. The stock’s 50 day moving average is $2.05 and its 200 day moving average is $2.31.

PermRock Royalty Trust (NYSE:PRT) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). The business had revenue of $0.71 million during the quarter, compared to analyst estimates of $4.93 million. PermRock Royalty Trust had a net margin of 77.46% and a return on equity of 7.72%.

About PermRock Royalty Trust

PermRock Royalty Trust (NYSE:PRT) is a grantor trust that owns a net profits interest in oil and natural gas properties located in the Permian Basin of West Texas. The trust was established in 2017 in connection with the public offering of its trust units.

PermRock’s assets consist primarily of mature, producing conventional oil and natural gas properties. The properties are operated on behalf of the trust by Boaz Energy, LLC and its affiliates, which are responsible for development and production activities.