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

PermRock Royalty Trust (NYSE:PRT - Get Free Report) announced a monthly dividend on Tuesday, February 18th, Wall Street Journal reports. Investors of record on Friday, February 28th will be paid a dividend of 0.0402 per share on Friday, March 14th. This represents a $0.48 annualized dividend and a dividend yield of 11.12%. The ex-dividend date of this dividend is Friday, February 28th.

PermRock Royalty Trust Stock Performance

Shares of NYSE:PRT traded down $0.01 during mid-day trading on Friday, hitting $4.34. 41,393 shares of the company traded hands, compared to its average volume of 56,374. The firm has a market cap of $52.82 million, a P/E ratio of 10.33 and a beta of 1.06. PermRock Royalty Trust has a 52-week low of $3.26 and a 52-week high of $4.64. The firm's 50 day simple moving average is $3.98 and its 200 day simple moving average is $3.97.

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.