Permianville Royalty Trust (NYSE:PVL) Raises Dividend to $0.02 Per Share

by · The Markets Daily

Permianville Royalty Trust (NYSE:PVL – Get Free Report) announced a monthly dividend on Friday, October 18th, NASDAQ reports. Shareholders of record on Thursday, October 31st will be paid a dividend of 0.015 per share on Friday, November 15th. This represents a $0.18 dividend on an annualized basis and a yield of 11.69%. The ex-dividend date of this dividend is Thursday, October 31st. This is an increase from Permianville Royalty Trust’s previous monthly dividend of $0.01.

Permianville Royalty Trust Price Performance

Shares of PVL stock traded down $0.03 on Tuesday, reaching $1.54. 10,361 shares of the company were exchanged, compared to its average volume of 93,913. The company has a market cap of $50.82 million, a price-to-earnings ratio of 5.23 and a beta of 0.82. The company has a 50-day moving average of $1.66 and a 200-day moving average of $1.49. Permianville Royalty Trust has a one year low of $1.03 and a one year high of $2.24.

Permianville Royalty Trust Company Profile

(Get Free Report)

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.

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