Royalty Management Holding Corporation (RMCO) To Go Ex-Dividend on December 31st

Royalty Management Holding Corporation (NASDAQ:RMCO) announced a quarterly dividend on Tuesday, December 23rd. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.0025 per share on Saturday, January 10th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, December 31st.

Royalty Management Price Performance

RMCO stock opened at $2.82 on Thursday. The company has a market capitalization of $42.62 million, a P/E ratio of -281.50 and a beta of -0.04. Royalty Management has a 12 month low of $0.91 and a 12 month high of $4.76. The firm’s fifty day simple moving average is $2.80 and its 200-day simple moving average is $2.12.

Royalty Management (NASDAQ:RMCO) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). The business had revenue of $1.30 million during the quarter, compared to analysts’ expectations of $2.00 million. Royalty Management had a negative net margin of 9.22% and a negative return on equity of 2.94%.

About Royalty Management

Royalty Management Corporation is a Houston‐based mineral royalty acquisition and management company that owns and operates a diversified portfolio of oil and gas royalty interests. The firm’s primary business activity is the acquisition of royalty and overriding royalty interests in onshore oil and gas properties, allowing investors to participate in production revenue streams without the operational risks associated with drilling and exploration. Royalty Management targets assets in established U.S.