Permianville Royalty Trust (NYSE:PVL) to Issue $0.01 Monthly Dividend

Permianville Royalty Trust (NYSE:PVL) declared a monthly dividend on Friday, July 17th. Shareholders of record on Friday, July 31st will be given a dividend of 0.015 per share on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 10.5%. The ex-dividend date is Friday, July 31st.

Permianville Royalty Trust Trading Up 1.8%

Permianville Royalty Trust stock opened at $1.72 on Wednesday. The firm has a market capitalization of $56.79 million, a P/E ratio of 11.47 and a beta of 0.11. The stock’s fifty day simple moving average is $1.78 and its 200-day simple moving average is $1.81. Permianville Royalty Trust has a twelve month low of $1.58 and a twelve month high of $2.04.

Permianville Royalty Trust (NYSE:PVL) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Permianville Royalty Trust had a net margin of 10.38% and a return on equity of 12.46%. The business had revenue of $11.05 million during the quarter, compared to analyst estimates of $8.90 million.

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.