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

Permianville Royalty Trust (NYSE:PVL) announced a monthly dividend on Monday, November 18th,Wall Street Journal reports. Investors of record on Friday, November 29th will be given 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 8.00%. The ex-dividend date of this dividend is Friday, November 29th.

Permianville Royalty Trust Price Performance

NYSE PVL opened at $1.58 on Thursday. The company has a market capitalization of $51.98 million, a price-to-earnings ratio of 6.56 and a beta of 0.83. Permianville Royalty Trust has a twelve month low of $1.03 and a twelve month high of $2.04. The stock has a fifty day simple moving average of $1.59 and a 200 day simple moving average of $1.50.

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.