Royalty Management Holding Corporation Declares Quarterly Dividend of $0.00 (NASDAQ:RMCO)

Royalty Management Holding Corporation (NASDAQ:RMCO) announced a quarterly dividend on Tuesday, December 23rd. Investors of record on Wednesday, December 31st will be paid a dividend of 0.0025 per share on Saturday, January 10th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, December 31st.

Royalty Management Stock Up 3.1%

RMCO stock traded up $0.08 during trading on Wednesday, reaching $2.63. The company’s stock had a trading volume of 299 shares, compared to its average volume of 62,687. The company has a market capitalization of $39.80 million, a P/E ratio of -261.00 and a beta of -0.04. The company’s fifty day moving average is $2.81 and its 200-day moving average is $2.12. Royalty Management has a 1 year low of $0.91 and a 1 year high of $4.76.

Royalty Management (NASDAQ:RMCO) last posted its earnings results on Thursday, November 13th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The firm had revenue of $1.30 million for the quarter, compared to the consensus estimate of $2.00 million. Royalty Management had a negative net margin of 9.22% and a negative return on equity of 2.94%.

About Royalty Management

Royalty Management Corporation is a Houston‐based mineral royalty acquisition and management company that owns and operates a diversified portfolio of oil and gas royalty interests. The firm’s primary business activity is the acquisition of royalty and overriding royalty interests in onshore oil and gas properties, allowing investors to participate in production revenue streams without the operational risks associated with drilling and exploration. Royalty Management targets assets in established U.S.