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

Permianville Royalty Trust (NYSE:PVL) declared a monthly dividend on Monday, September 16th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.014 per share on Tuesday, October 15th. This represents a $0.17 dividend on an annualized basis and a yield of 9.71%. The ex-dividend date of this dividend is Monday, September 30th.

Permianville Royalty Trust Trading Up 4.2 %

Shares of NYSE PVL opened at $1.73 on Wednesday. The stock has a market cap of $57.09 million, a P/E ratio of 5.53 and a beta of 0.82. Permianville Royalty Trust has a twelve month low of $1.03 and a twelve month high of $2.64. The stock has a 50 day moving average of $1.60 and a two-hundred day moving average of $1.44.

About Permianville Royalty Trust

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.