Permianville Royalty Trust (PVL) To Go Ex-Dividend on May 29th

Permianville Royalty Trust (NYSE:PVL) announced a monthly dividend on Monday, May 18th. Stockholders of record on Friday, May 29th will be paid a dividend of 0.014 per share on Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Friday, May 29th. This is a 40.0% increase from Permianville Royalty Trust’s previous monthly dividend of $0.01.

Permianville Royalty Trust Stock Down 1.3%

Permianville Royalty Trust stock opened at $1.94 on Wednesday. The business’s 50-day moving average price is $1.89 and its 200 day moving average price is $1.82. The firm has a market cap of $63.86 million, a price-to-earnings ratio of 12.90 and a beta of 0.11. Permianville Royalty Trust has a 52 week low of $1.57 and a 52 week high of $2.04.

Permianville Royalty Trust (NYSE:PVL) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The company had revenue of $11.05 million during the quarter, compared to the consensus estimate of $8.90 million. Permianville Royalty Trust had a return on equity of 12.46% and a net margin of 10.38%.

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.