PermRock Royalty Trust (NYSE:PRT) Declares Dividend Increase – $0.03 Per Share

PermRock Royalty Trust (NYSE:PRT) declared a monthly dividend on Monday, November 18th,Wall Street Journal reports. Investors of record on Friday, November 29th will be paid a dividend of 0.0303 per share on Friday, December 13th. This represents a $0.36 annualized dividend and a yield of 9.08%. The ex-dividend date is Friday, November 29th. This is a boost from PermRock Royalty Trust’s previous monthly dividend of $0.03.

PermRock Royalty Trust Price Performance

NYSE:PRT traded up $0.02 during trading hours on Tuesday, hitting $4.01. The stock had a trading volume of 94,275 shares, compared to its average volume of 43,161. The company has a 50 day simple moving average of $3.95 and a two-hundred day simple moving average of $3.93. The firm has a market capitalization of $48.74 million, a price-to-earnings ratio of 9.55 and a beta of 1.00. PermRock Royalty Trust has a one year low of $3.58 and a one year high of $5.13.

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.