Permianville Royalty Trust (PVL) To Go Ex-Dividend on September 30th

Permianville Royalty Trust (NYSE:PVL – Get Free Report) announced a monthly dividend on Friday, September 18th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.0160 per share on Wednesday, October 14th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a 40.7% decrease from Permianville Royalty Trust’s previous monthly dividend of $0.0270.

Permianville Royalty Trust Trading Up 0.3%

Shares of PVL opened at $1.81 on Monday. The firm has a market capitalization of $59.90 million, a P/E ratio of 10.68 and a beta of 0.13. The stock’s fifty day simple moving average is $1.79 and its 200 day simple moving average is $1.82. Permianville Royalty Trust has a twelve month low of $1.58 and a twelve month high of $2.01.

Permianville Royalty Trust (NYSE:PVL – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Permianville Royalty Trust had a return on equity of 15.04% and a net margin of 11.30%.The firm had revenue of $14.79 million during the quarter, compared to the consensus estimate of $8.70 million.

Permianville Royalty Trust Company Profile

(Get Free Report)

Permianville Royalty Trust (NYSE: PVL) is a publicly traded grantor trust that owns royalty and net profits interests in oil and natural gas properties. Rather than operating wells directly, the trust receives distributions generated from the production and sale of hydrocarbons from its underlying interests, after applicable operating and other expenses.

The trust’s assets are primarily associated with properties in the Permian Basin of West Texas and southeastern New Mexico. Its interests provide exposure to crude oil, natural gas, and natural gas liquids produced from wells developed and operated by third-party exploration and production companies.

Permianville Royalty Trust was established as Enduro Royalty Trust and adopted its current name in 2018.

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Dividend History for Permianville Royalty Trust (NYSE:PVL)

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