Permianville Royalty Trust (NYSE:PVL – Get Free Report) declared a monthly dividend on Friday, December 19th. Investors 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 yield of 15.5%. The ex-dividend date is Wednesday, December 31st.
Permianville Royalty Trust has decreased its dividend by an average of 0.2%annually over the last three years.
Permianville Royalty Trust Price Performance
Shares of PVL opened at $1.79 on Monday. The company has a 50-day simple moving average of $1.81 and a two-hundred day simple moving average of $1.85. The firm has a market capitalization of $58.91 million, a PE ratio of 25.50 and a beta of 0.07. Permianville Royalty Trust has a one year low of $1.30 and a one year high of $2.04.
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.
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