PermRock Royalty Trust (PRT) to Issue Monthly Dividend of $0.04 on March 14th

PermRock Royalty Trust (NYSE:PRT) announced a monthly dividend on Tuesday, February 18th,Wall Street Journal reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.0402 per share on Friday, March 14th. This represents a $0.48 dividend on an annualized basis and a yield of 11.22%. The ex-dividend date is Friday, February 28th.

PermRock Royalty Trust Price Performance

PRT opened at $4.30 on Thursday. The company has a market capitalization of $52.33 million, a price-to-earnings ratio of 10.24 and a beta of 1.06. PermRock Royalty Trust has a 1-year low of $3.26 and a 1-year high of $4.64. The business has a 50 day moving average price of $3.94 and a two-hundred day moving average price of $3.96.

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.