Permianville Royalty Trust (NYSE:PVL) announced a monthly dividend on Monday, June 15th, Zacks reports. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.004 per share on Wednesday, July 15th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Monday, June 29th.
Permianville Royalty Trust has a dividend payout ratio of 360.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Shares of PVL opened at $1.28 on Friday. The firm has a market cap of $42.24 million, a price-to-earnings ratio of 4.13 and a beta of 1.78. Permianville Royalty Trust has a fifty-two week low of $0.67 and a fifty-two week high of $2.89. The firm has a 50 day moving average price of $1.41 and a 200-day moving average price of $1.57.
Permianville Royalty Trust Company Profile
Permianville Royalty Trust operates a statutory trust. It owns a 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. The company was formerly known as Enduro Royalty Trust and changed its name to Permianville Royalty Trust in September 2018.
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