PermRock Royalty Trust [PRT] Stock Forecast

After a rough year, investors are turning to the best monthly dividend stocks to get back on the right track. That's because dividend stocks are a reliable way to generate passive income and shield their portfolios.

PRT is thriving right now thanks to the favorable price of oil, which has resulted primarily from the Ukrainian crisis. The distributions of PRT in 2022 correspond to an annualized yield of 13.8%.

Imagine stocks or funds that pay out their dividends once-a-month! Unlike waiting for quarterly, semi-annual or (ugh) annual payouts, your angst waiting for money is reduced by 300%, or more! These November U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net gains include: 1. Stocks by yield (99); 2. Stocks by price upside (30); 3. Closed-End Investments, Exchange-Traded Funds & Notes (CEICs/ETFs/ETNs) by yield >9.39% (80).

PermRock Royalty Trust is offering a 9.9% distribution yield. As the price of oil is likely to remain above average in the short run, PRT is likely to continue offering excessive distributions in the upcoming months.

As the major equity indices clawed out of their recent doldrums, so-called Reddit stocks — particularly those with meme-ish qualities — joined in on the optimism. While social media-driven investments dominated headlines throughout 2021, this year, they grabbed the spotlight for less-than-favorable reasons.

FORT WORTH, Texas, Oct. 19, 2021 /PRNewswire/ -- PermRock Royalty Trust (NYSE:PRT) (the "Trust") today declared a monthly cash distribution to record holders of its trust units representing beneficial interests in the Trust ("Trust Units") as of October 29, 2021 and payable on November 15, 2021 in the amount of $650,270.27 ($0.053450 per Trust Unit), based principally upon production during the month of August 2021. The following table displays underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month net profits interest calculations: Underlying Sales Volumes Average Price Oil Natural Gas Oil Natural Gas Bbls Bbls/D Mcf Mcf/D (per Bbl) (per Mcf) Current Month 30,722 991 38,924 1,256 $66.32 $5.85 Prior Month 29,514 952 38,374 1,238 $71.39 $4.91 Oil cash receipts for the properties underlying the Trust totaled $2.04 million for the current month, a decrease of $0.07 million from the prior month's distribution period.

PermRock Royalty Trust: High Distribution Yield But Beware Of The Risks

FORT WORTH, Texas, Sept. 20, 2021 /PRNewswire/ -- PermRock Royalty Trust (NYSE:PRT) (the "Trust") today declared a monthly cash distribution to record holders of its trust units representing beneficial interests in the Trust ("Trust Units") as of September 30, 2021 and payable on October 15, 2021 in the amount of $609,618.80 ($0.050109 per Trust Unit), based principally upon production during the month of July 2021.

FORT WORTH, Texas, Aug. 20, 2021 /PRNewswire/ -- PermRock Royalty Trust (NYSE:PRT) (the "Trust") today declared a monthly cash distribution to record holders of its trust units representing beneficial interests in the Trust ("Trust Units") as of August 31, 2021 and payable on September 15, 2021 in the amount of $756,619.34 ($0.062192 per Trust Unit), based principally upon production during the month of June 2021. The following table displays underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month net profits interest calculations: Underlying Sales Volumes Average Price Oil Natural Gas Oil Natural Gas Bbls Bbls/D Mcf Mcf/D (per Bbl) (per Mcf) Current Month 30,903 1,030 36,202 1,206 $69.35 $4.23 Prior Month 33,277 1,073 40,794 1,316 $63.22 $3.76   Oil cash receipts for the properties underlying the Trust totaled $2.14 million for the current month, an increase of $0.04 million from the prior month's distribution period.

FORT WORTH, Texas, July 20, 2021 /PRNewswire/ -- PermRock Royalty Trust (NYSE: PRT) (the "Trust") today declared a monthly cash distribution to record holders of its trust units representing beneficial interests in the Trust ("Trust Units") as of July 30, 2021 and payable on August 13, 2021 in the amount of $735,116.19 ($0.060425 per Trust Unit), based principally upon production during the month of May 2021. The following table displays underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month net profits interest calculations: Underlying Sales Volumes Average Price Oil Natural Gas Oil (per Bbl) Natural Gas (per Mcf) Bbls Bbls/D Mcf Mcf/D Current Month 33,277 1,073 40,794 1,316 $63.22 $3.76 Prior Month 32,719 1,091 45,470 1,516 $59.98 $3.90   Oil cash receipts for the properties underlying the Trust totaled $2.10 million for the current month, an increase of $0.14 million from the prior month's distribution period.

PermRock Royalty Trust is a US stock , located in Fort worth of Tx and trading under the symbol PRT

PermRock Royalty Trust stock price is $6.35 today.

Yes, PermRock Royalty Trust is a publicly traded company.