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

Permianville Royalty Trust (NYSE:PVL) announced a monthly dividend on Tuesday, November 19th,Wall Street Journal reports. Investors of record on Friday, November 29th will be paid 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 8.18%. The ex-dividend date is Friday, November 29th.

Permianville Royalty Trust Stock Down 1.9 %

Shares of NYSE:PVL traded down $0.03 during trading on Tuesday, hitting $1.54. 34,597 shares of the company traded hands, compared to its average volume of 90,853. Permianville Royalty Trust has a one year low of $1.03 and a one year high of $2.14. The business’s fifty day moving average is $1.60 and its 200-day moving average is $1.49. The stock has a market capitalization of $50.82 million, a price-to-earnings ratio of 6.54 and a beta of 0.83.

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.