Permianville Royalty Trust (NYSE:PVL) declared a monthly dividend on Friday, November 15th, Zacks reports. Investors of record on Friday, November 29th will be given a dividend of 0.01 per share on Friday, December 13th. This represents a $0.12 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date is Wednesday, November 27th.
NYSE:PVL opened at $1.45 on Monday. The business’s 50-day moving average price is $2.15 and its 200 day moving average price is $2.55. The firm has a market cap of $46.53 million, a P/E ratio of 0.94 and a beta of 1.47. Permianville Royalty Trust has a 52-week low of $1.34 and a 52-week high of $3.71.
Separately, Zacks Investment Research lowered Permianville Royalty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th.
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.
Read More: Are sell-side analysts objective?
Receive News & Ratings for Permianville Royalty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Permianville Royalty Trust and related companies with MarketBeat.com's FREE daily email newsletter.