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

Permianville Royalty Trust (NYSE:PVL – Get Free Report) declared a monthly dividend on Friday, September 18th. Shareholders 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 yield of 10.6%. The ex-dividend date is Wednesday, September 30th. This is a 40.7% decrease from Permianville Royalty Trust’s previous monthly dividend of $0.0270.

Permianville Royalty Trust Price Performance

NYSE:PVL opened at $1.81 on Monday. The firm’s 50-day moving average price is $1.79 and its 200-day moving average price is $1.82. The company has a market capitalization of $59.90 million, a PE ratio of 10.68 and a beta of 0.13. Permianville Royalty Trust has a 1-year low of $1.58 and a 1-year high of $2.01.

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

Institutional Investors Weigh In On Permianville Royalty Trust

An institutional investor recently raised its position in Permianville Royalty Trust stock. Pingora Partners LLC boosted its holdings in Permianville Royalty Trust (NYSE:PVL – Free Report) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 950,410 shares of the company’s stock after acquiring an additional 41,386 shares during the quarter. Permianville Royalty Trust accounts for approximately 1.0% of Pingora Partners LLC’s holdings, making the stock its 21st largest position. Pingora Partners LLC owned approximately 2.88% of Permianville Royalty Trust worth $1,701,000 at the end of the most recent quarter. 6.78% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading

Dividend History for Permianville Royalty Trust (NYSE:PVL)

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