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

Permianville Royalty Trust (NYSE:PVL) announced a monthly dividend on Friday, November 15th, Zacks reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.01 per share on Friday, December 13th. This represents a $0.12 annualized dividend and a dividend yield of 7.85%. The ex-dividend date of this dividend is Wednesday, November 27th.

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Shares of NYSE PVL traded up $0.08 during trading on Monday, hitting $1.53. 25,230 shares of the company were exchanged, compared to its average volume of 126,650. The company has a market cap of $46.53 million, a price-to-earnings ratio of 0.94 and a beta of 1.47. Permianville Royalty Trust has a 1 year low of $1.34 and a 1 year high of $3.71. The firm’s fifty day moving average price is $2.15 and its 200 day moving average price is $2.55.

Separately, Zacks Investment Research lowered shares of Permianville Royalty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, September 18th.

Permianville Royalty Trust Company Profile

Permianville Royalty Trust operates a statutory trust. It owns a 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. The company was formerly known as Enduro Royalty Trust and changed its name to Permianville Royalty Trust in September 2018.

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Dividend History for Permianville Royalty Trust (NYSE:PVL)

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