Permianville Royalty Trust - Unit said on April 17, 2023 that its board of directors declared a regular monthly dividend of $0.03 per share ($0.36 annualized). Previously, the company paid $0.02 per share.
Shares must be purchased before the ex-div date of April 27, 2023 to qualify for the dividend. Shareholders of record as of April 28, 2023 will receive the payment on May 12, 2023.
At the current share price of $2.62 / share, the stock's dividend yield is 13.74%. Looking back five years and taking a sample every week, the average dividend yield has been 12.57%, the lowest has been 2.75%, and the highest has been 28.77%. The standard deviation of yields is 5.21 (n=176).
The current dividend yield is 0.23 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.57. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is -0.22%.
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What is the Fund Sentiment?
There are 34 funds or institutions reporting positions in Permianville Royalty Trust - Unit.
This is an increase
of
5
owner(s) or 17.24% in the last quarter.
Average portfolio weight of all funds dedicated to PVL is 0.04%,
a decrease
of 45.99%.
Total shares owned by institutions decreased
in the last three months by 15.39% to 1,743K shares.
The put/call ratio of PVL is 0.19, indicating a
bullish
outlook.
What are Other Shareholders Doing?
USMIX - Extended Market Index Fund holds 3K shares representing 0.01% ownership of the company. No change in the last quarter.
Simplex Trading holds 3K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 20K shares, representing a decrease of 470.95%. The firm decreased its portfolio allocation in PVL by 99.98% over the last quarter.
Cambridge Investment Research Advisors holds 20K shares representing 0.06% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
Group One Trading holds 13K shares representing 0.04% ownership of the company. In it's prior filing, the firm reported owning 26K shares, representing a decrease of 99.22%. The firm decreased its portfolio allocation in PVL by 40.38% over the last quarter.
Raymond James Financial Services Advisors holds 34K shares representing 0.10% ownership of the company.
Permianville Royalty Trust Background Information
(This description is provided by the company.)
Permianville Royalty Trust is a Delaware statutory trust formed to own a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain, predominantly non-operated, oil and gas properties in the states of Texas, Louisiana and New Mexico. As described in the Trust's filings with the Securities and Exchange Commission (the 'SEC'), the amount of the periodic distributions is expected to fluctuate, depending on the proceeds received by the Trust as a result of actual production volumes, oil and gas prices, the amount and timing of capital expenditures, and the Trust's administrative expenses, among other factors. Future distributions are expected to be made on a monthly basis.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
