Permianville Royalty Trust (NYSE:PVL) Plans Monthly Dividend of $0.01

Key Points

• Monthly dividend of $0.01 declared, with record/ex-dividend date on April 30 and payment on May 15, representing about a 6.3% annualized yield.
• The trust beat expectations for the quarter, reporting EPS of $0.08 versus $0.02 expected and revenue of $13.71M versus $8.90M expected.
• Permianville is a passive royalty trust focused on the Permian Basin; PVL trades around $1.91 (1‑yr range $1.40–$2.04) with a market cap of about $62.9M and a PE of 17.32.

Permianville Royalty Trust (NYSE:PVL - Get Free Report) declared a monthly dividend on Friday, April 17th. Stockholders of record on Thursday, April 30th will be paid a dividend of 0.01 per share on Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Thursday, April 30th.

Permianville Royalty Trust Stock Performance

Shares of PVL stock opened at $1.91 on Tuesday. Permianville Royalty Trust has a 1 year low of $1.40 and a 1 year high of $2.04. The stock has a market cap of $62.87 million, a PE ratio of 17.32 and a beta of 0.12. The business's fifty day moving average is $1.82 and its 200-day moving average is $1.81.

Permianville Royalty Trust (NYSE:PVL - Get Free Report) last issued its earnings results on Monday, March 23rd. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.06. The business had revenue of $13.71 million for the quarter, compared to analysts' expectations of $8.90 million. Permianville Royalty Trust had a return on equity of 8.63% and a net margin of 7.47%.

Permianville Royalty Trust Company Profile

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.

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