Royalty Management Holding Corporation (NASDAQ:RMCO) to Issue Quarterly Dividend of $0.00

Royalty Management Holding Corporation (NASDAQ:RMCO) announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.0025 per share on Friday, July 10th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Tuesday, June 30th.

Royalty Management Stock Performance

Shares of NASDAQ RMCO opened at $2.90 on Friday. The stock’s fifty day simple moving average is $2.62 and its 200 day simple moving average is $3.16. The stock has a market capitalization of $43.96 million, a price-to-earnings ratio of -36.25 and a beta of -0.04. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. Royalty Management has a 52-week low of $1.18 and a 52-week high of $5.00.

Royalty Management (NASDAQ:RMCO) last announced its earnings results on Thursday, May 14th. The company reported ($0.04) EPS for the quarter. Royalty Management had a negative net margin of 23.33% and a negative return on equity of 11.50%. The company had revenue of $1.64 million for the quarter, compared to analysts’ expectations of $1.64 million.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Royalty Management in a report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Royalty Management Company Profile

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.