Permianville Royalty Trust (NYSE:PVL) to Issue $0.02 Monthly Dividend

Permianville Royalty Trust (NYSE:PVL) announced a monthly dividend on Friday, December 19th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.023 per share on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 15.5%. The ex-dividend date is Wednesday, December 31st.

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

Permianville Royalty Trust Price Performance

PVL opened at $1.79 on Monday. The stock has a market cap of $58.91 million, a P/E ratio of 25.50 and a beta of 0.07. The stock’s 50 day simple moving average is $1.81 and its 200 day simple moving average is $1.85. Permianville Royalty Trust has a 1-year low of $1.30 and a 1-year high of $2.04.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Permianville Royalty Trust in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Permianville Royalty Trust has a consensus 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.