PermRock Royalty Trust (PRT) to Distribute Monthly Dividend of $0.02 on August 14th

PermRock Royalty Trust (NYSE:PRT) announced a monthly dividend on Tuesday, July 21st. Shareholders of record on Friday, July 31st will be paid a dividend of 0.0226 per share on Friday, August 14th. This represents a c) annualized dividend and a yield of 12.0%. The ex-dividend date of this dividend is Friday, July 31st.

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

PermRock Royalty Trust Trading Down 2.8%

PRT opened at $2.27 on Thursday. The stock has a 50-day moving average price of $2.22 and a 200-day moving average price of $2.85. PermRock Royalty Trust has a 12-month low of $1.82 and a 12-month high of $4.14. The stock has a market capitalization of $27.57 million, a P/E ratio of 7.55 and a beta of 0.39.

PermRock Royalty Trust (NYSE:PRT) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.06). The firm had revenue of $0.66 million for the quarter, compared to the consensus estimate of $4.93 million. PermRock Royalty Trust had a net margin of 80.38% and a return on equity of 7.59%.

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.