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

PermRock Royalty Trust (NYSE:PRT) declared 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 dividend on an annualized basis and a yield of 11.92%. The ex-dividend date of this dividend is Wednesday, July 31st.

PermRock Royalty Trust Price Performance

PRT opened at $4.03 on Monday. The company has a 50 day simple moving average of $3.86 and a two-hundred day simple moving average of $4.14. The firm has a market cap of $49.05 million, a P/E ratio of 9.60 and a beta of 0.99. PermRock Royalty Trust has a 1-year low of $3.58 and a 1-year high of $6.99.

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

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.