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

Permianville Royalty Trust (NYSE:PVL) declared a monthly dividend on Wednesday, February 18th. Investors of record on Monday, March 2nd will be paid a dividend of 0.005 per share on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, March 2nd.

Permianville Royalty Trust has decreased its dividend payment by an average of 0.2%per year over the last three years.

Permianville Royalty Trust Stock Performance

PVL stock opened at $1.72 on Thursday. Permianville Royalty Trust has a fifty-two week low of $1.30 and a fifty-two week high of $2.04. The company has a market capitalization of $56.76 million, a price-to-earnings ratio of 24.57 and a beta of 0.20. The business’s 50 day moving average price is $1.79 and its two-hundred day moving average price is $1.83.

About Permianville Royalty Trust

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.