PermRock Royalty Trust (NYSE:PRT) Plans $0.04 Monthly Dividend

PermRock Royalty Trust (NYSE:PRT) announced a monthly dividend on Friday, July 19th, investing.com reports. Investors of record on Wednesday, July 31st will be paid a dividend of 0.04 per share on Wednesday, August 14th. This represents a $0.48 annualized dividend and a dividend yield of 11.83%. The ex-dividend date of this dividend is Wednesday, July 31st.

PermRock Royalty Trust Price Performance

NYSE:PRT opened at $4.06 on Tuesday. The firm has a market capitalization of $49.41 million, a P/E ratio of 9.67 and a beta of 0.99. The business has a 50 day simple moving average of $3.86 and a 200 day simple moving average of $4.14. PermRock Royalty Trust has a 12-month low of $3.58 and a 12-month high of $6.99.

PermRock Royalty Trust (NYSE:PRT) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $1.31 million during the quarter. PermRock Royalty Trust had a net margin of 84.70% and a return on equity of 6.74%.

PermRock Royalty Trust Company Profile

PermRock Royalty Trust operates as a statutory trust. It owns interests in the oil and natural gas producing properties. The company's underlying properties include 22,394 net acres in the Permian Basin. The company was founded in 2017 and is based in Dallas, Texas.