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

Permianville Royalty Trust (NYSE:PVL) declared a monthly dividend on Monday, September 16th, Zacks reports. Shareholders 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 dividend on an annualized basis and a yield of 9.83%. The ex-dividend date of this dividend is Monday, September 30th.

Permianville Royalty Trust Price Performance

NYSE:PVL traded up $0.05 during trading hours on Wednesday, reaching $1.71. 56,234 shares of the company were exchanged, compared to its average volume of 99,687. The firm has a market cap of $56.40 million, a price-to-earnings ratio of 5.77 and a beta of 0.82. Permianville Royalty Trust has a 52-week low of $1.03 and a 52-week high of $2.64. The stock has a 50 day simple moving average of $1.60 and a 200 day simple moving average of $1.44.

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.