Permianville Royalty Trust (NYSE:PVL) to Issue Monthly Dividend of $0.02

Permianville Royalty Trust (NYSE:PVL) announced a monthly dividend on Tuesday, January 20th. Shareholders of record on Friday, January 30th will be given a dividend of 0.015 per share on Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date is Friday, January 30th.

Permianville Royalty Trust has decreased its dividend by an average of 0.2%per year over the last three years.

Permianville Royalty Trust Price Performance

Shares of NYSE PVL opened at $1.81 on Wednesday. The stock has a market cap of $59.76 million, a PE ratio of 25.87 and a beta of 0.08. The firm has a fifty day moving average price of $1.81 and a 200-day moving average price of $1.84. Permianville Royalty Trust has a 1 year low of $1.30 and a 1 year high of $2.04.

Permianville Royalty Trust (NYSE:PVL) last announced its quarterly earnings data on Friday, November 14th. The company reported $0.02 EPS for the quarter. The business had revenue of $11.57 million for the quarter. Permianville Royalty Trust had a return on equity of 5.04% and a net margin of 4.44%.

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.