PermRock Royalty Trust (PRT) To Go Ex-Dividend on November 29th

PermRock Royalty Trust (NYSE:PRT) announced a monthly dividend on Monday, November 18th,Wall Street Journal reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.0303 per share on Friday, December 13th. This represents a $0.36 annualized dividend and a yield of 9.00%. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from PermRock Royalty Trust’s previous monthly dividend of $0.03.

PermRock Royalty Trust Trading Up 1.5 %

Shares of NYSE PRT opened at $4.04 on Wednesday. PermRock Royalty Trust has a 1-year low of $3.58 and a 1-year high of $5.13. The company has a 50-day moving average of $3.96 and a two-hundred day moving average of $3.93. The company has a market cap of $48.42 million, a PE ratio of 9.62 and a beta of 1.00.

PermRock Royalty Trust Company Profile

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.