Permianville Royalty Trust (NYSE:PVL – Get Free Report)’s stock price traded down 4.2% during trading on Friday . The company traded as low as $1.37 and last traded at $1.38. 157,736 shares changed hands during trading, an increase of 77% from the average session volume of 89,131 shares. The stock had previously closed at $1.44.
Permianville Royalty Trust Price Performance
The firm has a market capitalization of $45.54 million, a PE ratio of 6.57 and a beta of 0.86. The firm has a fifty day moving average price of $1.55 and a 200 day moving average price of $1.51.
Permianville Royalty Trust Cuts Dividend
The company also recently disclosed a monthly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.0105 per share. This represents a $0.13 annualized dividend and a yield of 9.13%. The ex-dividend date of this dividend was Friday, November 29th. Permianville Royalty Trust’s payout ratio is 57.14%.
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.
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