Permianville Royalty Trust (PVL)

[gnillish_00]

Things are shaping up fairly well, just a bit slower than expected.

With today's distribution, we are sitting at around 12% annual return, and that will go up with Monday's announcement of next month's dividend. The numbers look like they will support better than a .03 dividend which moves us up to around 16% with the increasing share price and makes the third month of increased dividends.

I'd expect to see share price move up as this hits more scanners for both increasing dividends and annual return over 15%, and historically we've seen this trade in above $3 with a consistent .03 dividend.

With oil and natural gas prices holding well despite the continued covid environment, we should see .05 or better in January.