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

Permianville Royalty Trust (NYSE:PVL) declared a monthly dividend on Monday, May 18th. Stockholders of record on Friday, May 29th will be paid a dividend of 0.014 per share on Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date is Friday, May 29th. This is a 40.0% increase from Permianville Royalty Trust’s previous monthly dividend of $0.01.

Permianville Royalty Trust Price Performance

Shares of Permianville Royalty Trust stock opened at $2.00 on Tuesday. The company’s fifty day simple moving average is $1.88 and its 200-day simple moving average is $1.82. The stock has a market capitalization of $66.13 million, a PE ratio of 13.36 and a beta of 0.11. Permianville Royalty Trust has a 1-year low of $1.47 and a 1-year high of $2.04.

Permianville Royalty Trust (NYSE:PVL) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.04 earnings per share for the quarter, topping 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 net margin of 10.38% and a return on equity of 12.30%.

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.