Permianville Royalty Trust (NYSE:PVL - Get Free Report) announced a monthly dividend on Friday, October 18th, NASDAQ reports. Shareholders of record on Thursday, October 31st will be paid a dividend of 0.015 per share on Friday, November 15th. This represents a $0.18 annualized dividend and a yield of 11.61%. The ex-dividend date of this dividend is Thursday, October 31st. This is a boost from Permianville Royalty Trust's previous monthly dividend of $0.01.
Permianville Royalty Trust Trading Down 1.3 %
Permianville Royalty Trust stock traded down $0.02 during midday trading on Tuesday, hitting $1.55. 33,338 shares of the stock were exchanged, compared to its average volume of 94,023. The stock's 50-day simple moving average is $1.65 and its 200 day simple moving average is $1.49. Permianville Royalty Trust has a fifty-two week low of $1.03 and a fifty-two week high of $2.24. The stock has a market capitalization of $51.15 million, a price-to-earnings ratio of 5.17 and a beta of 0.82.
About Permianville Royalty Trust
(
Get Free Report)
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.
Further Reading
Before you consider Permianville Royalty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Permianville Royalty Trust wasn't on the list.
While Permianville Royalty Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
