Permianville Royalty Trust to Issue Monthly Dividend of $0.00 (NYSE:PVL)

Permianville Royalty Trust (NYSE:PVL) declared a monthly dividend on Monday, June 15th, Zacks reports. Shareholders of record on Tuesday, June 30th will be given 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 is Monday, June 29th.

Permianville Royalty Trust has a 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.

Permianville Royalty Trust stock opened at $1.28 on Friday. Permianville Royalty Trust has a 1-year low of $0.67 and a 1-year high of $2.89. The firm has a market capitalization of $42.24 million, a price-to-earnings ratio of 4.13 and a beta of 1.78. The firm’s fifty day moving average price is $1.41 and its two-hundred day moving average price is $1.57.

Permianville Royalty Trust (NYSE:PVL) last released its quarterly earnings results on Monday, May 11th. The company reported $0.06 earnings per share for the quarter. Permianville Royalty Trust had a net margin of 23.44% and a return on equity of 13.49%. The company had revenue of $9.93 million for the quarter.

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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Dividend History for Permianville Royalty Trust (NYSE:PVL)

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