PrairieSky Royalty (PSK) Declares Monthly Dividend of $0.07

PrairieSky Royalty (TSE:PSK) announced a monthly dividend on Thursday, April 12th, Zacks reports. Shareholders of record on Monday, April 30th will be paid a dividend of 0.065 per share on Tuesday, May 15th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, April 27th.

Shares of PSK opened at C$30.88 on Friday. PrairieSky Royalty has a 1-year low of C$26.52 and a 1-year high of C$35.90.

PrairieSky Royalty (TSE:PSK) last announced its quarterly earnings results on Monday, February 26th. The company reported C$0.17 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.10 by C$0.07. PrairieSky Royalty had a net margin of 43.61% and a return on equity of 5.87%. The business had revenue of C$91.50 million during the quarter.

A number of brokerages have weighed in on PSK. TD Securities upgraded shares of PrairieSky Royalty from a “hold” rating to a “buy” rating and dropped their price target for the company from C$33.00 to C$32.00 in a research report on Thursday, March 22nd. Canaccord Genuity dropped their price target on shares of PrairieSky Royalty from C$36.00 to C$35.00 in a research report on Tuesday, February 27th. CIBC lifted their price target on shares of PrairieSky Royalty from C$36.00 to C$40.00 in a research report on Tuesday, March 20th. Raymond James dropped their price target on shares of PrairieSky Royalty from C$31.00 to C$30.00 and set a “market perform” rating for the company in a research report on Tuesday, February 27th. Finally, GMP Securities upgraded shares of PrairieSky Royalty from a “hold” rating to a “buy” rating and dropped their price target for the company from C$35.50 to C$34.00 in a research report on Thursday, March 1st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of C$34.60.

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PrairieSky Royalty Company Profile

PrairieSky Royalty Ltd. engages in crude oil and natural gas businesses in Canada. The company holds royalty interests in properties located in Alberta, Saskatchewan, British Columbia, and Manitoba. It hold interests in approximately 7.8 million acres with petroleum and/or natural gas rights; 1.1 million acres with coal; and 7.5 million acres of GORR Lands.

Dividend History for PrairieSky Royalty (TSE:PSK)

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