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 annualized dividend and a yield of 10.0%. The ex-dividend date 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 Permianville Royalty Trust stock opened at $1.79 on Tuesday. The company’s fifty day simple moving average is $1.82 and its 200-day simple moving average is $1.82. The stock has a market capitalization 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 issued its quarterly earnings data on Friday, August 14th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $14.79 million during the quarter, compared to the consensus estimate of $8.70 million. Permianville Royalty Trust had a net margin of 11.30% and a return on equity of 15.04%.
About Permianville Royalty Trust
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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