PermRock Royalty Trust (PRT) To Go Ex-Dividend on October 30th

PermRock Royalty Trust (NYSE:PRT) announced a monthly dividend on Tuesday, October 20th. Shareholders of record on Friday, October 30th will be given a dividend of $0.0162 per share on Monday, November 16th. This represents a $0.19 annualized dividend and a yield of 12.5%. The ex-dividend date is Friday, October 30th. This is a 17.4% decrease from PermRock Royalty Trust’s previous monthly dividend of $0.0196.

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

PermRock Royalty Trust Stock Performance

PRT stock opened at $1.55 on Thursday. PermRock Royalty Trust has a fifty-two week low of $1.54 and a fifty-two week high of $4.01. The business’s 50 day moving average price is $2.02 and its two-hundred day moving average price is $2.28. The company has a market capitalization of $18.86 million, a price-to-earnings ratio of 6.87 and a beta of 0.45.

PermRock Royalty Trust (NYSE:PRT) last released its earnings results on Friday, August 14th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $0.71 million during 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 oil and natural gas properties located in the Permian Basin of West Texas. The trust was established in 2017 in connection with the public offering of its trust units.

PermRock’s assets consist primarily of mature, producing conventional oil and natural gas properties. The properties are operated on behalf of the trust by Boaz Energy, LLC and its affiliates, which are responsible for development and production activities.