Permianville Royalty Trust (NYSE:PVL – Get Free Report) announced a monthly dividend on Friday, September 18th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.0160 per share on Wednesday, October 14th. This represents a $0.19 annualized dividend and a dividend yield of 10.6%. The ex-dividend date is Wednesday, September 30th. This is a 40.7% decrease from Permianville Royalty Trust’s previous monthly dividend of $0.0270.
Permianville Royalty Trust Trading Up 0.3%
Shares of NYSE:PVL opened at $1.81 on Monday. The company has a market cap of $59.90 million, a price-to-earnings ratio of 10.68 and a beta of 0.13. Permianville Royalty Trust has a 12 month low of $1.58 and a 12 month high of $2.01. The company has a 50-day moving average price of $1.79 and a 200 day moving average price of $1.82.
Permianville Royalty Trust (NYSE:PVL – Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. Permianville Royalty Trust had a return on equity of 15.04% and a net margin of 11.30%.The company had revenue of $14.79 million for the quarter, compared to analysts’ expectations of $8.70 million.
About Permianville Royalty Trust
Permianville Royalty Trust (NYSE: PVL) is a publicly traded grantor trust that owns royalty and net profits interests in oil and natural gas properties. Rather than operating wells directly, the trust receives distributions generated from the production and sale of hydrocarbons from its underlying interests, after applicable operating and other expenses.
The trust’s assets are primarily associated with properties in the Permian Basin of West Texas and southeastern New Mexico. Its interests provide exposure to crude oil, natural gas, and natural gas liquids produced from wells developed and operated by third-party exploration and production companies.
Permianville Royalty Trust was established as Enduro Royalty Trust and adopted its current name in 2018.
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