Permianville Royalty Trust (PVL) To Go Ex-Dividend on March 2nd

Permianville Royalty Trust (NYSE:PVL) declared a monthly dividend on Wednesday, February 18th. Stockholders of record on Monday, March 2nd will be paid a dividend of 0.005 per share on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, March 2nd.

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

Permianville Royalty Trust Stock Performance

Shares of NYSE:PVL traded up $0.02 during trading on Friday, reaching $1.64. 155,107 shares of the stock traded hands, compared to its average volume of 74,883. The stock has a market cap of $53.96 million, a P/E ratio of 23.36 and a beta of 0.20. The stock has a 50-day moving average of $1.77 and a two-hundred day moving average of $1.83. Permianville Royalty Trust has a 52-week low of $1.30 and a 52-week high of $2.04.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Permianville Royalty Trust in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Permianville Royalty Trust 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.