PrairieSky Royalty Ltd. (TSE:PSK) Plans Quarterly Dividend of $0.27

PrairieSky Royalty Ltd. (TSE:PSK) declared a quarterly dividend on Tuesday, September 29th. Shareholders 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 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 29th.

PrairieSky Royalty Price Performance

Shares of PSK traded down C$0.20 during trading hours on Friday, reaching C$33.66. 188,962 shares of the company’s stock traded hands, compared to its average volume of 500,494. The stock has a market cap of C$7.82 billion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 0.47 and a beta of 0.73. The company has a current ratio of 0.90, a quick ratio of 0.65 and a debt-to-equity ratio of 6.88. The firm’s 50 day simple moving average is C$35.32 and its 200-day simple moving average is C$33.72. PrairieSky Royalty has a 12 month low of C$24.51 and a 12 month high of C$37.29.

Insider Activity

In other news, insider Pamela Pearl Kazeil acquired 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were bought at an average cost of C$33.42 per share, with a total value of C$83,550.00. Following the acquisition, the insider owned 3,220 shares in the company, valued at approximately C$107,612.40. This represents a 347.22% increase in their position. Also, insider Andrew Phillips bought 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was purchased at an average price of C$33.26 per share, with a total value of C$116,410.00. Following the transaction, the insider directly owned 93,500 shares in the company, valued at C$3,109,810. The trade was a 3.89% increase in their ownership of the stock. 0.54% of the stock is currently owned by corporate insiders.

PrairieSky Royalty Company Profile

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.