Permianville Royalty Trust (PVL) to Issue Monthly Dividend of $0.01 on December 13th

Permianville Royalty Trust (NYSE:PVL) announced a monthly dividend on Monday, November 18th,Wall Street Journal reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.0105 per share on Friday, December 13th. This represents a $0.13 dividend on an annualized basis and a yield of 8.13%. The ex-dividend date of this dividend is Friday, November 29th.

Permianville Royalty Trust Stock Down 1.3 %

NYSE PVL opened at $1.55 on Wednesday. Permianville Royalty Trust has a fifty-two week low of $1.03 and a fifty-two week high of $2.14. The business has a fifty day moving average of $1.60 and a 200-day moving average of $1.49. The stock has a market cap of $51.15 million, a price-to-earnings ratio of 6.46 and a beta of 0.83.

Permianville Royalty Trust Company Profile

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.