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

PermRock Royalty Trust (NYSE:PRT) declared a monthly dividend on Monday, November 18th, Zacks reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.037 per share on Friday, December 13th. This represents a $0.44 annualized dividend and a dividend yield of 7.66%. The ex-dividend date is Wednesday, November 27th.

Shares of PRT stock traded down $0.11 on Wednesday, hitting $5.80. 200 shares of the stock traded hands, compared to its average volume of 59,968. The firm’s 50-day moving average price is $6.99 and its two-hundred day moving average price is $7.72. The stock has a market capitalization of $70.71 million, a PE ratio of 4.54 and a beta of 1.80. PermRock Royalty Trust has a twelve month low of $5.45 and a twelve month high of $10.99.

PRT has been the topic of several recent research reports. ValuEngine raised shares of PermRock Royalty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research cut shares of PermRock Royalty Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 24th.

About PermRock Royalty Trust

PermRock Royalty Trust owns 80% net profits interest in the oil and natural gas production properties acquired by Boaz Energy II, LLC in the Permian Basin, Texas. The company was founded in 2017 and is based in Fort Worth, Texas.

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Dividend History for PermRock Royalty Trust (NYSE:PRT)

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