Permianville Royalty Trust (PVL) to Issue Monthly Dividend of $0.02 on February 13th

Permianville Royalty Trust (NYSE:PVL) announced a monthly dividend on Tuesday, January 20th. Investors of record on Friday, January 30th will be paid a dividend of 0.015 per share on Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date of this dividend is Friday, January 30th.

Permianville Royalty Trust has decreased its dividend payment by an average of 0.2%per year over the last three years.

Permianville Royalty Trust Stock Down 1.6%

Shares of NYSE:PVL opened at $1.80 on Wednesday. The business’s 50 day moving average is $1.80 and its 200 day moving average is $1.84. The stock has a market cap of $59.40 million, a P/E ratio of 26.07 and a beta of 0.08. Permianville Royalty Trust has a 52-week low of $1.30 and a 52-week high of $2.04.

Permianville Royalty Trust (NYSE:PVL) last posted its quarterly earnings results on Friday, November 14th. The company reported $0.02 earnings per share (EPS) for the quarter. Permianville Royalty Trust had a return on equity of 5.04% and a net margin of 4.44%.The business had revenue of $11.57 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Permianville Royalty Trust in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

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.