Permianville Royalty Trust (NYSE:PVL) Declares Monthly Dividend of $0.03

Permianville Royalty Trust (NYSE:PVL) announced a monthly dividend on Monday, August 17th. Investors of record on Monday, August 31st will be paid a dividend of 0.027 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 18.4%. The ex-dividend date of this dividend is Monday, August 31st. This is a 80.0% increase from Permianville Royalty Trust’s previous monthly dividend of $0.01.

Permianville Royalty Trust Price Performance

Shares of NYSE:PVL opened at $1.76 on Tuesday. The business’s 50 day simple moving average is $1.74 and its 200 day simple moving average is $1.80. Permianville Royalty Trust has a 1 year low of $1.58 and a 1 year high of $2.04. The company has a market capitalization of $58.08 million, a P/E ratio of 10.35 and a beta of 0.12.

Permianville Royalty Trust (NYSE:PVL) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The firm had revenue of $14.79 million during the quarter, compared to analysts’ expectations of $8.70 million. Permianville Royalty Trust had a return on equity of 14.77% and a net margin of 11.30%.

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.