PermRock Royalty Trust (NYSE:PRT) to Issue Dividend Increase – $0.05 Per Share

PermRock Royalty Trust (NYSE:PRT) announced a monthly dividend on Friday, December 20th,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.0503 per share on Wednesday, January 15th. This represents a $0.60 annualized dividend and a yield of 16.59%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from PermRock Royalty Trust’s previous monthly dividend of $0.03.

PermRock Royalty Trust Stock Performance

PRT opened at $3.64 on Friday. The stock has a market capitalization of $44.30 million, a PE ratio of 8.67 and a beta of 1.01. The stock’s 50 day moving average price is $3.84 and its 200-day moving average price is $3.92. PermRock Royalty Trust has a 52-week low of $3.26 and a 52-week high of $4.81.

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.