PrairieSky Royalty Ltd. (TSE:PSK) to Issue Quarterly Dividend of $0.26

Key Points

• PrairieSky Royalty Ltd. has declared a quarterly dividend of $0.26 per share, payable on October 15th to stockholders of record on September 29th, reflecting an annualized dividend yield of 4.3%.
• The stock's market cap is C$5.67 billion, and it has recently seen trading at C$24.10 with a PE ratio of 25.91.
• Analyst ratings for PrairieSky include two "Strong Buy," two "Buy," and four "Hold," with a consensus price target of C$29.86.

PrairieSky Royalty Ltd. (TSE:PSK - Get Free Report) announced a quarterly dividend on Monday, September 8th, RTT News reports. Investors of record on Monday, September 29th will be paid a dividend of 0.26 per share on Wednesday, October 15th. This represents a c) annualized dividend and a yield of 4.2%.

PrairieSky Royalty Stock Up 0.4%

PSK stock traded up C$0.11 during midday trading on Friday, hitting C$24.59. The stock had a trading volume of 112,348 shares, compared to its average volume of 409,243. The firm has a market cap of C$5.79 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 0.47 and a beta of 0.73. The business has a 50-day moving average of C$23.96 and a two-hundred day moving average of C$24.12. PrairieSky Royalty has a 52-week low of C$21.97 and a 52-week high of C$30.66. The company has a debt-to-equity ratio of 3.48, a current ratio of 0.63 and a quick ratio of 0.65.

PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas.