Permianville Royalty Trust Declares Monthly Dividend of $0.01 (NYSE:PVL)

Permianville Royalty Trust (NYSE:PVL) declared a monthly dividend on Monday, September 16th, Zacks reports. Investors of record on Monday, September 30th will be paid a dividend of 0.014 per share on Tuesday, October 15th. This represents a $0.17 annualized dividend and a yield of 9.71%. The ex-dividend date is Monday, September 30th.

Permianville Royalty Trust Stock Up 4.2 %

PVL opened at $1.73 on Wednesday. Permianville Royalty Trust has a 52 week low of $1.03 and a 52 week high of $2.64. The business has a 50 day moving average price of $1.60 and a two-hundred day moving average price of $1.44. The company has a market cap of $57.09 million, a PE ratio of 5.53 and a beta of 0.82.

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.