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

Permianville Royalty Trust (NYSE:PVLGet Free Report) announced a monthly dividend on Monday, August 17th. Investors of record on Monday, August 31st will be paid a dividend of 0.027 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 17.4%. The ex-dividend date of this dividend is Monday, August 31st. This is a 80.0% increase from Permianville Royalty Trust’s previous monthly dividend of $0.01.

Permianville Royalty Trust Price Performance

Shares of NYSE:PVL opened at $1.86 on Friday. Permianville Royalty Trust has a 12 month low of $1.58 and a 12 month high of $2.04. The firm has a market capitalization of $61.38 million, a P/E ratio of 10.94 and a beta of 0.12. The company’s fifty day moving average price is $1.73 and its 200 day moving average price is $1.81.

Permianville Royalty Trust (NYSE:PVLGet Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. Permianville Royalty Trust had a net margin of 11.30% and a return on equity of 15.04%. The company had revenue of $14.79 million during the quarter, compared to the consensus estimate of $8.70 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Permianville Royalty Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Read Our Latest Analysis on Permianville Royalty Trust

About Permianville Royalty Trust

(Get Free Report)

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.

Further Reading

Dividend History for Permianville Royalty Trust (NYSE:PVL)

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