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

Permianville Royalty Trust (NYSE:PVL) announced 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) dividend on an annualized basis and a yield of 10.7%. The ex-dividend date is Friday, July 31st.

Permianville Royalty Trust Stock Down 0.6%

NYSE:PVL opened at $1.69 on Wednesday. The company has a fifty day simple moving average of $1.78 and a two-hundred day simple moving average of $1.81. The company has a market cap of $55.77 million, a price-to-earnings ratio of 11.27 and a beta of 0.11. Permianville Royalty Trust has a 52 week low of $1.58 and a 52 week high of $2.04.

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

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.