Permianville Royalty Trust (NYSE:PVL – Get Free Report) declared a monthly dividend on Monday, May 18th. Investors of record on Friday, May 29th will be paid a dividend of 0.014 per share on Friday, June 12th. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date is Friday, May 29th. This is a 40.0% increase from Permianville Royalty Trust’s previous monthly dividend of $0.01.
Permianville Royalty Trust Price Performance
Shares of NYSE:PVL opened at $1.96 on Wednesday. The company’s 50 day simple moving average is $1.88 and its 200 day simple moving average is $1.82. The stock has a market capitalization of $64.52 million, a price-to-earnings ratio of 13.03 and a beta of 0.11. Permianville Royalty Trust has a 1 year low of $1.50 and a 1 year high of $2.04.
Permianville Royalty Trust (NYSE:PVL – Get Free Report) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $11.05 million for the quarter, compared to analysts’ expectations of $8.90 million. Permianville Royalty Trust had a net margin of 10.38% and a return on equity of 12.46%.
Wall Street Analyst Weigh In
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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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