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

PermRock Royalty Trust (NYSE:PRT) announced a dividend on Friday, September 20th, NASDAQ reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.03 per share on Tuesday, October 15th. The ex-dividend date of this dividend is Monday, September 30th.

PermRock Royalty Trust Price Performance

Shares of PermRock Royalty Trust stock traded down $0.11 during trading hours on Friday, hitting $3.92. The company had a trading volume of 31,071 shares, compared to its average volume of 41,829. The company’s 50-day moving average is $4.01 and its two-hundred day moving average is $4.02. The company has a market cap of $47.71 million, a P/E ratio of 9.52 and a beta of 0.99. PermRock Royalty Trust has a twelve month low of $3.58 and a twelve month high of $6.99.

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

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.