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

Permianville Royalty Trust (NYSE:PVL) declared a monthly dividend on Monday, September 16th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.014 per share on Tuesday, October 15th. This represents a $0.17 annualized dividend and a yield of 10.31%. The ex-dividend date of this dividend is Monday, September 30th.

Permianville Royalty Trust Trading Up 4.5 %

PVL stock opened at $1.63 on Friday. The firm has a 50-day moving average of $1.68 and a two-hundred day moving average of $1.46. Permianville Royalty Trust has a 12 month low of $1.03 and a 12 month high of $2.64. The company has a market cap of $53.79 million, a price-to-earnings ratio of 5.43 and a beta of 0.82.

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.