Permianville Royalty Trust (PVL) to Issue Monthly Dividend of $0.01 on October 15th

Permianville Royalty Trust (NYSE:PVL) declared a monthly dividend on Monday, September 16th, Zacks reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.014 per share on Tuesday, October 15th. This represents a $0.17 annualized dividend and a yield of 9.83%. The ex-dividend date is Monday, September 30th.

Permianville Royalty Trust Stock Performance

PVL traded up $0.05 on Wednesday, hitting $1.71. 56,234 shares of the company were exchanged, compared to its average volume of 99,687. The business’s fifty day moving average is $1.60 and its 200 day moving average is $1.44. Permianville Royalty Trust has a fifty-two week low of $1.03 and a fifty-two week high of $2.64. The firm has a market capitalization of $56.40 million, a P/E ratio of 5.77 and a beta of 0.82.

About Permianville Royalty Trust

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.