Permianville Royalty Trust (NYSE:PVL) Raises Dividend to $0.04 Per Share

Permianville Royalty Trust (NYSE:PVL) announced a monthly dividend on Friday, August 16th, Zacks reports. Stockholders of record on Friday, August 30th will be given a dividend of 0.035 per share on Monday, September 16th. This represents a $0.42 annualized dividend and a dividend yield of 22.83%. The ex-dividend date is Friday, August 30th. This is a positive change from Permianville Royalty Trust’s previous monthly dividend of $0.01.

Permianville Royalty Trust Stock Down 2.6 %

PVL stock traded down $0.05 during midday trading on Wednesday, reaching $1.84. The stock had a trading volume of 47,564 shares, compared to its average volume of 99,273. The firm has a market cap of $60.72 million, a price-to-earnings ratio of 6.32 and a beta of 0.82. Permianville Royalty Trust has a twelve month low of $1.03 and a twelve month high of $2.75. The business has a fifty day simple moving average of $1.44 and a two-hundred day simple moving average of $1.42.

Permianville Royalty Trust Company Profile

Permianville Royalty Trust operates as a statutory trust. It is involved in the acquisition and holding of net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from properties located in the states of Texas, Louisiana, and New Mexico.