PVL raises its monthly dividend 80% to $0.027 per share

PVL (Permianville Royalty Trust) has announced a monthly dividend increase of 80%, raising its payout to $0.0270 per share from the previous $0.0150. The new dividend is payable to shareholders of record as of the ex-dividend date, which is set for August 31, 2026.

The numbers

This raise follows a series of recent monthly payments: $0.01 (March 31), $0.01 (April 30), $0.014 (May 29), $0.017 (June 30), and $0.015 (July 31). The new $0.027 payment represents a significant step up from the prior month. At the current price of $1.88, the new annualized rate (assuming the same monthly payment) would yield approximately 11.6% on a trailing twelve-month basis. The trailing twelve-month dividend per share stands at $0.2180, and the 5-year dividend CAGR is -0.8%, reflecting historical volatility. However, this marks the first consecutive year of increases, with one year of growth recorded.

What it means for income investors

For income investors, the new monthly dividend of $0.027 per share implies an annualized income of $0.324 per share, or $32.40 per 100 shares. This is a notable increase from the previous annualized rate of $0.18 per share. Investors should note the ex-dividend date of August 31, 2026, to ensure eligibility for the upcoming payment. For a detailed view of past payouts, see the dividend history.

Reporting based on: DividendSmart market data. Figures verified against market data where available.