PermRock Royalty Trust (NYSE:PRT) Declares Monthly Dividend of $0.03

PermRock Royalty Trust (NYSE:PRT) declared a monthly dividend on Monday, October 21st, Wall Street Journal reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.0302 per share on Friday, November 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 8.99%. The ex-dividend date is Thursday, October 31st. This is a positive change from PermRock Royalty Trust’s previous monthly dividend of $0.03.

PermRock Royalty Trust Price Performance

Shares of PRT stock remained flat at $4.03 during trading on Tuesday. 27,169 shares of the company were exchanged, compared to its average volume of 41,877. The firm has a market cap of $49.05 million, a P/E ratio of 9.37 and a beta of 0.98. The company has a fifty day simple moving average of $4.01 and a 200-day simple moving average of $3.96. PermRock Royalty Trust has a 52-week low of $3.58 and a 52-week high of $6.36.

PermRock Royalty Trust (NYSE:PRT) last announced its quarterly earnings data on Friday, August 9th. The company reported $0.11 earnings per share for the quarter. PermRock Royalty Trust had a net margin of 85.38% and a return on equity of 6.99%. The firm had revenue of $1.67 million during the quarter.

About PermRock Royalty Trust

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.