Permianville Royalty Trust (NYSE:PVL – Get Free Report) declared a monthly dividend on Monday, October 19th. Shareholders of record on Friday, October 30th will be given a dividend of $0.0150 per share on Friday, November 13th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date of this dividend is Friday, October 30th. This is a 6.3% decrease from Permianville Royalty Trust’s previous monthly dividend of $0.0160.
Permianville Royalty Trust Price Performance
Shares of NYSE PVL opened at $1.79 on Wednesday. The firm has a fifty day moving average price of $1.82 and a 200-day moving average price of $1.82. The stock has a market cap of $59.23 million, a PE ratio of 10.56 and a beta of 0.17. Permianville Royalty Trust has a 1 year low of $1.58 and a 1 year high of $2.01.
Permianville Royalty Trust (NYSE:PVL – Get Free Report) last released its earnings results on Friday, August 14th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $14.79 million for the quarter, compared to analysts’ expectations of $8.70 million. Permianville Royalty Trust had a net margin of 11.30% and a return on equity of 15.04%.
Permianville Royalty Trust Company Profile
Permianville Royalty Trust (NYSE: PVL) is a grantor trust that owns a net profits interest in certain oil and natural gas properties. Rather than operating wells directly, the trust receives distributions based on the revenue generated by production from its underlying assets, after specified production and other expenses.
The trust’s interests are concentrated in the Permian Basin, primarily in western Texas and southeastern New Mexico. Its underlying properties include producing and potentially developable oil and natural gas assets, with production volumes and distributions influenced by commodity prices, operating costs, drilling activity and well performance.
Permianville Royalty Trust was formed in 2011 and was initially known as Enduro Royalty Trust.
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