PermRock Royalty Trust (NYSE:PRT) Announces Monthly Dividend of $0.02

PermRock Royalty Trust (NYSE:PRT) declared a monthly dividend on Friday, September 18th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.0196 per share on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 11.7%. The ex-dividend date of this dividend is Wednesday, September 30th.

PermRock Royalty Trust has increased its dividend payment by an average of 0.2%per year over the last three years.

PermRock Royalty Trust Stock Down 2.4%

Shares of NYSE PRT traded down $0.05 during midday trading on Friday, reaching $2.01. The company had a trading volume of 47,076 shares, compared to its average volume of 52,948. PermRock Royalty Trust has a one year low of $1.82 and a one year high of $4.01. The firm’s fifty day moving average price is $2.20 and its 200-day moving average price is $2.54. The stock has a market cap of $24.45 million, a PE ratio of 8.74 and a beta of 0.41.

PermRock Royalty Trust (NYSE:PRT) last issued its earnings results on Friday, August 14th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.06). PermRock Royalty Trust had a net margin of 77.46% and a return on equity of 7.72%. The company had revenue of $0.71 million for the quarter, compared to analysts’ expectations of $4.93 million.

PermRock Royalty Trust Company Profile

PermRock Royalty Trust (NYSE: PRT) is a grantor trust that owns a net profits interest in certain oil and natural gas properties in the Permian Basin of West Texas. The trust is designed to distribute cash generated from its interests in the underlying properties to its unitholders after applicable production and operating expenses.

The trust’s assets are primarily associated with developed and undeveloped properties in the Midland and Delaware basins. Its production portfolio includes crude oil, natural gas and natural gas liquids.