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

Permianville Royalty Trust (NYSE:PVL) announced a monthly dividend on Monday, November 18th,Wall Street Journal reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.0105 per share on Friday, December 13th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 8.13%. The ex-dividend date is Friday, November 29th.

Permianville Royalty Trust Stock Performance

PVL stock opened at $1.55 on Wednesday. The stock has a 50-day simple moving average of $1.60 and a 200-day simple moving average of $1.49. Permianville Royalty Trust has a 1 year low of $1.03 and a 1 year high of $2.14. The firm has a market cap of $51.15 million, a P/E ratio of 6.46 and a beta of 0.83.

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.