Permianville Royalty Trust (NYSE:PVL) Declares Dividend Increase – $0.01 Per Share

Permianville Royalty Trust (NYSE:PVL) declared a monthly dividend on Monday, March 16th. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.01 per share on Tuesday, April 14th. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a 100.0% increase from Permianville Royalty Trust’s previous monthly dividend of $0.005.

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

Permianville Royalty Trust Trading Up 3.1%

Shares of NYSE:PVL opened at $1.86 on Tuesday. The firm has a 50 day moving average of $1.77 and a 200-day moving average of $1.81. Permianville Royalty Trust has a 12 month low of $1.30 and a 12 month high of $2.04. The stock has a market capitalization of $61.22 million, a PE ratio of 26.50 and a beta of 0.20.

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.