Permianville Royalty Trust (NYSE:PVL – Get Free Report) fell 4.2% during trading on Friday . The stock traded as low as $1.37 and last traded at $1.38. 157,736 shares changed hands during mid-day trading, an increase of 77% from the average session volume of 89,131 shares. The stock had previously closed at $1.44.
Permianville Royalty Trust Stock Down 4.2 %
The stock has a market cap of $45.54 million, a P/E ratio of 6.57 and a beta of 0.86. The firm’s 50-day moving average is $1.55 and its two-hundred day moving average is $1.51.
Permianville Royalty Trust Cuts Dividend
The business also recently announced a monthly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.0105 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.13 annualized dividend and a yield of 9.13%. Permianville Royalty Trust’s dividend payout ratio (DPR) is currently 57.14%.
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.
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