PrairieSky Royalty Ltd. (PSK) To Go Ex-Dividend on September 29th

PrairieSky Royalty Ltd. (TSE:PSK) declared a quarterly dividend on Tuesday, September 29th. Investors of record on Thursday, October 15th will be given a dividend of $0.2650 per share on Thursday, October 15th. This represents a $1.06 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 29th.

PrairieSky Royalty Stock Performance

Shares of TSE PSK traded down C$0.20 during trading on Friday, reaching C$33.66. 188,962 shares of the company traded hands, compared to its average volume of 500,494. The firm’s fifty day simple moving average is C$35.32 and its 200 day simple moving average is C$33.72. The stock has a market cap of C$7.82 billion, a P/E ratio of 32.37, a PEG ratio of 0.47 and a beta of 0.73. PrairieSky Royalty has a 12-month low of C$24.51 and a 12-month high of C$37.29. The company has a current ratio of 0.90, a quick ratio of 0.65 and a debt-to-equity ratio of 6.88.

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.