PrairieSky Royalty Ltd to Issue Monthly Dividend of $0.06 (PSK)

PrairieSky Royalty Ltd (TSE:PSK) announced a monthly dividend on Wednesday, November 29th, TickerTech reports. Stockholders of record on Friday, December 15th will be paid a dividend of 0.0625 per share on Friday, December 15th. This represents a $0.75 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Wednesday, November 29th.

Shares of PrairieSky Royalty (TSE PSK) traded up C$0.15 during trading hours on Thursday, hitting C$32.00. The company’s stock had a trading volume of 695,090 shares, compared to its average volume of 480,064. PrairieSky Royalty has a fifty-two week low of C$27.10 and a fifty-two week high of C$35.90.

A number of equities analysts recently commented on the stock. Royal Bank of Canada boosted their price objective on shares of PrairieSky Royalty from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 1st. TD Securities downgraded PrairieSky Royalty from a “buy” rating to a “hold” rating and cut their target price for the company from C$33.00 to C$32.00 in a research report on Monday, October 2nd. Raymond James Financial lowered shares of PrairieSky Royalty from an “outperform” rating to a “market perform” rating and set a C$34.00 price target on the stock. in a report on Tuesday, October 31st. CIBC increased their target price on shares of PrairieSky Royalty from C$35.00 to C$38.00 in a research note on Tuesday, October 17th. Finally, Scotiabank raised their price target on shares of PrairieSky Royalty from C$35.00 to C$36.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 31st. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$35.45.

In other PrairieSky Royalty news, Director James Estey sold 100,000 shares of PrairieSky Royalty stock in a transaction on Friday, November 17th. The shares were sold at an average price of C$32.82, for a total value of C$3,282,000.00. Also, Director Sheldon Brooks Steeves sold 7,714 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of C$35.62, for a total transaction of C$274,772.68.

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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; and 6.7 million acres of GORR Lands.

Dividend History for PrairieSky Royalty (TSE:PSK)

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