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

PermRock Royalty Trust (NYSE:PRT) declared a dividend on Friday, March 21st, NASDAQ Dividends reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.04 per share on Monday, April 14th. The ex-dividend date of this dividend is Monday, March 31st.

PermRock Royalty Trust Stock Performance

Shares of PRT stock traded up $0.05 during midday trading on Friday, reaching $4.07. 47,770 shares of the company were exchanged, compared to its average volume of 48,737. The company’s 50 day moving average price is $4.19 and its two-hundred day moving average price is $3.97. The company has a market cap of $49.52 million, a P/E ratio of 9.69 and a beta of 0.95. PermRock Royalty Trust has a 12 month low of $3.26 and a 12 month high of $4.63.

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.