Permianville Royalty Trust (NYSE:PVL – Get Free Report) announced a monthly dividend on Tuesday, June 16th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.017 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a 21.4% increase from Permianville Royalty Trust’s previous monthly dividend of $0.01.
Permianville Royalty Trust Stock Performance
Shares of PVL stock opened at $1.72 on Friday. The company has a market capitalization of $56.59 million, a PE ratio of 11.43 and a beta of 0.11. Permianville Royalty Trust has a 52-week low of $1.61 and a 52-week high of $2.04. The business’s fifty day moving average is $1.87 and its 200 day moving average is $1.83.
Permianville Royalty Trust (NYSE:PVL – Get Free Report) last posted its earnings results on Friday, May 15th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $11.05 million during the quarter, compared to analysts’ expectations of $8.90 million. Permianville Royalty Trust had a return on equity of 12.46% and a net margin of 10.38%.
Analyst Ratings Changes
Check Out Our Latest Research Report on Permianville Royalty Trust
Permianville Royalty Trust Company Profile
Permianville Royalty Trust is a passive investment vehicle that holds overriding royalty interests in oil and gas properties located primarily in the Permian Basin of West Texas and southeastern New Mexico. Organized as a statutory royalty trust, it provides investors with exposure to production revenues from established hydrocarbon reservoirs without engaging directly in exploration or development activities.
The trust’s assets consist of net profits interests in wells that produce crude oil, natural gas and natural gas liquids.
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