Permianville Royalty Trust (PVL) To Go Ex-Dividend on December 31st

Permianville Royalty Trust (NYSE:PVL) announced a monthly dividend on Friday, December 19th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.023 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 15.4%. 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 Trading Down 0.6%

Shares of PVL opened at $1.79 on Monday. Permianville Royalty Trust has a twelve month low of $1.30 and a twelve month high of $2.04. The firm has a market capitalization of $59.07 million, a P/E ratio of 25.57 and a beta of 0.07. The stock’s fifty day simple moving average is $1.81 and its 200 day simple moving average is $1.85.

Permianville Royalty Trust (NYSE:PVL) last announced its quarterly earnings results on Friday, November 14th. The company reported $0.02 EPS for the quarter. The company 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 Analysts Forecast Growth

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