PermRock Royalty Trust (PRT) To Go Ex-Dividend on February 28th

PermRock Royalty Trust (NYSE:PRT) declared a monthly dividend on Tuesday, February 18th, Wall Street Journal reports. Investors of record on Friday, February 28th will be given a dividend of 0.0402 per share on Friday, March 14th. This represents a $0.48 dividend on an annualized basis and a yield of 11.08%. The ex-dividend date of this dividend is Friday, February 28th.

PermRock Royalty Trust Stock Performance

NYSE:PRT opened at $4.36 on Wednesday. The firm has a 50-day simple moving average of $4.01 and a two-hundred day simple moving average of $3.97. PermRock Royalty Trust has a fifty-two week low of $3.26 and a fifty-two week high of $4.61. The firm has a market cap of $52.98 million, a P/E ratio of 10.37 and a beta of 1.06.

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.