PermRock Royalty Trust (PRT) to Issue Monthly Dividend of $0.00 on April 14th

PermRock Royalty Trust (NYSE:PRT) declared a monthly dividend on Friday, March 20th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.003 per share on Tuesday, April 14th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, March 31st.

PermRock Royalty Trust has decreased its dividend payment by an average of 0.1%annually over the last three years.

PermRock Royalty Trust Trading Up 1.1%

Shares of NYSE:PRT opened at $3.34 on Friday. The firm has a market cap of $40.59 million, a price-to-earnings ratio of 8.55 and a beta of 0.72. PermRock Royalty Trust has a 1 year low of $2.61 and a 1 year high of $4.38. The business has a fifty day simple moving average of $3.38 and a 200 day simple moving average of $3.59.

PermRock Royalty Trust (NYSE:PRT) last issued its 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 7.24% and a net margin of 85.31%.The firm had revenue of $1.07 million during the quarter, compared to analyst estimates of $4.93 million.

About PermRock Royalty Trust

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.