PermRock Royalty Trust (PRT) to Issue Monthly Dividend of $0.02 on January 15th

PermRock Royalty Trust (NYSE:PRT) declared a monthly dividend on Friday, December 19th. Investors of record on Wednesday, December 31st will be paid a dividend of 0.0164 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Wednesday, December 31st.

PermRock Royalty Trust has decreased its dividend payment by an average of 0.1%per year over the last three years.

PermRock Royalty Trust Price Performance

NYSE:PRT opened at $3.00 on Monday. PermRock Royalty Trust has a one year low of $2.98 and a one year high of $4.63. The company has a fifty day moving average price of $3.84 and a 200 day moving average price of $3.94. The stock has a market cap of $36.45 million, a P/E ratio of 7.13 and a beta of 0.66.

PermRock Royalty Trust (NYSE:PRT) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $1.26 million for the quarter. PermRock Royalty Trust had a net margin of 85.31% and a return on equity of 7.24%.

About PermRock Royalty Trust

PermRock Royalty Trust is an unincorporated statutory trust established in 2018 by PDC Energy under Delaware law to hold non-operated royalty interests in oil and natural gas properties. The trust’s assets derive from a portfolio of mineral and royalty interests originally contributed by PDC Energy, primarily focused on the Delaware Basin of West Texas. As a royalty trust, PermRock does not engage in drilling or field operations but instead receives royalty income from production generated by third-party operators.

The core business activity of PermRock revolves around collecting and distributing net profits interest and mineral royalty payments from producing wells.