PrairieSky Royalty Ltd. (TSE:PSK) Shares Will Pay Quarterly Dividend of $0.27

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

PrairieSky Royalty Trading Down 0.6%

TSE:PSK traded down C$0.20 during trading hours on Friday, reaching C$33.66. 188,962 shares of the company were exchanged, compared to its average volume of 500,494. The company has a debt-to-equity ratio of 6.88, a current ratio of 0.90 and a quick ratio of 0.65. The firm has a market cap of C$7.82 billion, a price-to-earnings ratio of 32.37, a PEG ratio of 0.47 and a beta of 0.73. PrairieSky Royalty has a 52-week low of C$24.51 and a 52-week high of C$37.29. The stock has a 50 day simple moving average of C$35.32 and a 200 day simple moving average of C$33.72.

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.