Permianville Royalty Trust Declares Second Special Cash Distribution Of Net Proceeds From Permian Basin Divestiture
Portfolio Pulse from Benzinga Newsdesk
Permianville Royalty Trust has declared a second special cash distribution of $0.077250 per unit, payable on November 22, 2023 to unitholders of record on November 16, 2023. This distribution is from the net proceeds of the Permian Basin divestiture.
November 06, 2023 | 9:19 pm
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Permianville Royalty Trust's declaration of a second special cash distribution could potentially attract more investors, leading to a short-term increase in the stock price.
Dividends are a way for companies to distribute profits back to investors, and they can make a stock more attractive to investors looking for income-generating investments. This special cash distribution could therefore attract more investors to PVL, potentially leading to an increase in demand for the stock and a short-term increase in the stock price.
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