PrairieSky Royalty Ltd (PSK) to Issue Monthly Dividend of $0.06 on December 15th

PrairieSky Royalty Ltd (TSE:PSK) declared a monthly dividend on Wednesday, November 29th, TickerTech reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.0625 per share on Friday, December 15th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Wednesday, November 29th.

PrairieSky Royalty (PSK) traded up C$0.04 during midday trading on Tuesday, hitting C$32.56. The stock had a trading volume of 354,639 shares, compared to its average volume of 475,393. PrairieSky Royalty has a 52-week low of C$27.10 and a 52-week high of C$35.90.

In other PrairieSky Royalty news, Director James Estey sold 100,000 shares of the stock in a transaction on Friday, November 17th. The stock was 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 stock in a transaction on Monday, November 6th. The stock was sold at an average price of C$35.62, for a total value of C$274,772.68.

PSK has been the topic of several recent research reports. GMP Securities increased their price target on PrairieSky Royalty from C$33.00 to C$35.50 in a report on Wednesday, November 1st. BMO Capital Markets increased their price target on PrairieSky Royalty from C$30.00 to C$35.00 in a report on Tuesday, October 10th. Barclays increased their price target on PrairieSky Royalty from C$28.00 to C$32.00 in a report on Monday, October 30th. National Bank Financial decreased their price target on PrairieSky Royalty from C$29.00 to C$28.00 and set a “sector perform” rating on the stock in a report on Friday, October 13th. Finally, CIBC increased their price target on PrairieSky Royalty from C$38.00 to C$40.00 in a report on Tuesday, October 31st. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. PrairieSky Royalty currently has an average rating of “Buy” and a consensus target price of C$35.45.

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About PrairieSky Royalty

PrairieSky Royalty Ltd. is a Canada-based company, which holds a portfolio of fee simple mineral title, and oil and gas royalty interests in Canada. The Company’s properties are located in British Columbia, Alberta, Saskatchewan and Manitoba. As of December 31, 2016, the Company’s assets include the Fee Lands, encompassing approximately 7.8 million acres; the GORR Interests, encompassing approximately 6.3 million acres of the GORR Lands; the GRT Interests, encompassing approximately 0.2 million acres of the GRT Lands; approximately 0.2 million acres of Crown Interest Lands primarily in Alberta, and the Seismic License to certain seismic data of Encana Corporation, encompassing approximately 43,000 kilometers of two dimensional seismic and over 13,000 square kilometers of three dimensional seismic.

Dividend History for PrairieSky Royalty (TSE:PSK)

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