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Permianville Royalty Trust (NYSE:PVL) Announces Dividend Increase - $0.02 Per Share

Permianville Royalty Trust logo with Energy background

Key Points

  • Permianville Royalty Trust announced a monthly dividend increase to $0.023 per share, reflecting a significant 43.8% rise from its previous dividend of $0.02.
  • The dividend will be paid on October 15th to investors of record as of September 30th, contributing to an annualized yield of 13.6%.
  • As of Friday, the stock opened at $2.03 and experienced a trading increase of 1.0%, with a market cap of approximately $66.99 million.
  • Five stocks to consider instead of Permianville Royalty Trust.

Permianville Royalty Trust (NYSE:PVL - Get Free Report) declared a monthly dividend on Thursday, September 18th. Investors of record on Tuesday, September 30th will be paid a dividend of 0.023 per share on Wednesday, October 15th. This represents a c) annualized dividend and a yield of 13.6%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a 43.8% increase from Permianville Royalty Trust's previous monthly dividend of $0.02.

Permianville Royalty Trust Trading Up 1.0%

Permianville Royalty Trust stock opened at $2.03 on Friday. Permianville Royalty Trust has a 1-year low of $1.30 and a 1-year high of $2.04. The company has a fifty day simple moving average of $1.89 and a 200 day simple moving average of $1.70. The company has a market cap of $66.99 million, a P/E ratio of 20.30 and a beta of 0.56.

Permianville Royalty Trust (NYSE:PVL - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.01 EPS for the quarter. The company had revenue of $11.22 million during the quarter. Permianville Royalty Trust had a net margin of 5.79% and a return on equity of 7.18%.

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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Dividend History for Permianville Royalty Trust (NYSE:PVL)

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