PrairieSky Royalty Ltd (TSE:PSK) announced a monthly dividend on Monday, June 10th, Zacks reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.065 per share on Monday, July 15th. This represents a $0.78 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend is Thursday, June 27th.

Shares of TSE PSK traded up C$0.18 during mid-day trading on Tuesday, reaching C$18.51. The company had a trading volume of 185,840 shares, compared to its average volume of 419,109. The business has a fifty day simple moving average of C$18.08. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $4.28 billion and a P/E ratio of 50.57. PrairieSky Royalty has a 12-month low of C$15.71 and a 12-month high of C$26.78.

PrairieSky Royalty (TSE:PSK) last posted its quarterly earnings results on Monday, April 22nd. The company reported C$0.11 earnings per share (EPS) for the quarter. The company had revenue of C$73.20 million during the quarter, compared to analysts’ expectations of C$70.30 million. Research analysts expect that PrairieSky Royalty will post 0.37 earnings per share for the current year.

Several brokerages recently weighed in on PSK. Raymond James raised their price objective on shares of PrairieSky Royalty from C$20.00 to C$20.50 and gave the company a “market perform” rating in a research report on Friday, May 24th. GMP Securities raised their price objective on shares of PrairieSky Royalty from C$22.00 to C$22.50 in a research report on Wednesday, April 24th. Eight Capital raised shares of PrairieSky Royalty from a “sell” rating to a “neutral” rating and raised their price objective for the company from C$17.50 to C$19.15 in a research report on Monday, April 22nd. National Bank Financial raised their price objective on shares of PrairieSky Royalty from C$20.00 to C$21.00 in a research report on Monday, April 8th. Finally, Royal Bank of Canada cut their price objective on shares of PrairieSky Royalty from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a research report on Friday, May 24th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. PrairieSky Royalty presently has an average rating of “Hold” and a consensus target price of C$22.99.

About PrairieSky Royalty

PrairieSky Royalty Ltd. holds crude oil and natural gas royalty interests in Alberta, Saskatchewan, British Columbia, and Manitoba of Canada. It hold interests in approximately 7.8 million acres with petroleum and/or natural gas rights; 1.1 million acres with coal titles; 7.8 million acres of gross overriding royalty interests; and other acreage.

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Dividend History for PrairieSky Royalty (TSE:PSK)

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