Permianville Royalty Trust (PVL) To Go Ex-Dividend on October 30th

Permianville Royalty Trust (NYSE:PVL) declared a monthly dividend on Monday, October 19th. Investors of record on Friday, October 30th will be paid a dividend of $0.0150 per share on Friday, November 13th. This represents a $0.18 dividend on an annualized basis and a yield of 10.2%. The ex-dividend date of this dividend is Friday, October 30th. This is a 6.3% decrease from Permianville Royalty Trust’s previous monthly dividend of $0.0160.

Permianville Royalty Trust Price Performance

Shares of Permianville Royalty Trust stock opened at $1.77 on Wednesday. The stock has a 50 day moving average of $1.82 and a 200 day moving average of $1.81. Permianville Royalty Trust has a 12 month low of $1.58 and a 12 month high of $2.01.

Permianville Royalty Trust (NYSE:PVL) last released its quarterly earnings results on Friday, August 14th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The firm had revenue of $14.79 million for the quarter, compared to analysts’ expectations of $8.70 million.

Permianville Royalty Trust Company Profile

Permianville Royalty Trust (NYSE:PVL) is a publicly traded grantor trust that owns royalty and net profits interests in oil and natural gas properties. The trust does not operate wells directly; instead, it receives distributions based on production and the revenues generated by the underlying properties after applicable production and operating costs.

The trust’s interests are concentrated primarily in the Permian Basin of West Texas and southeastern New Mexico, one of the most significant oil- and natural-gas-producing regions in the United States.