If you are researching the PVL stock dividend, the most important point is that Permianville Royalty Trust does not operate like a typical dividend-paying corporation. PVL is a statutory trust that owns a net profits interest in oil and natural gas properties, and its monthly cash distributions can change substantially depending on production, commodity prices, operating and development costs, and other expenses.
As of September 30, 2026, the latest announced PVL distribution is $0.016000 per unit. It was announced on September 18, 2026, has a September 30 record date, and is scheduled to be paid on October 14, 2026.
PVL Dividend Snapshot for September 2026
| Item | Latest information |
|---|---|
| Trust | Permianville Royalty Trust |
| Ticker | NYSE: PVL |
| Latest announced distribution | $0.016000 per unit |
| Declaration date | September 18, 2026 |
| Record date | September 30, 2026 |
| Ex-dividend date | September 30, 2026 |
| Payable date | October 14, 2026 |
| Distribution frequency | Generally monthly |
| 2026 official distribution table total | $0.112000 currently displayed |
| 2025 full-year distribution | $0.121000 |
| 2022 full-year distribution | $0.441500 |
The Trust’s official distribution page lists the latest $0.016 distribution and the historical annual totals above.
What Is the PVL Stock Dividend?
The PVL stock dividend is more accurately described as a cash distribution to holders of PVL trust units.
Permianville Royalty Trust is a Delaware statutory trust whose principal asset is a net profits interest. The Trust is entitled to receive 80% of the net profits from certain oil and natural gas production.
Because the distribution is tied to the economics of the underlying oil and gas properties, the amount is not fixed.
That means investors should not assume that a recent monthly payment will continue at the same level for the next 12 months.
The Trust’s SEC filings state that monthly cash distributions are based on cash received after applicable expenses and that the amount depends on factors including production volumes, oil and gas prices, capital expenditures and administrative expenses.
What Is the Latest PVL Dividend Announcement?
The latest PVL dividend announcement was made on September 18, 2026.
Permianville Royalty Trust declared a $0.016000 per-unit cash distribution. The Trust stated that the calculation incorporated reported oil production for June 2026, natural gas production for May 2026 and accrued costs incurred in July 2026. The distribution is payable October 14 to unitholders of record on September 30.
The previous distribution was $0.027000 per unit, announced August 17 and payable September 15.
Therefore, the September announcement represents a decrease from the immediately preceding $0.027 payment.
PVL Ex-Dividend Date and Payment Date
The latest PVL ex-dividend date is September 30, 2026, while the payment date is October 14, 2026. Current market-data sources also identify September 30 as the ex-dividend date.
The key dates are:
- Declaration date: September 18, 2026
- Record date: September 30, 2026
- Ex-dividend date: September 30, 2026
- Payment date: October 14, 2026
- Distribution: $0.016000 per unit
Investors should distinguish between the declaration date, record date, ex-dividend date and actual payment date. They serve different purposes and should not be treated as interchangeable.
Does PVL Pay a Monthly Dividend?
Yes, PVL generally makes monthly cash distributions, but the amount is variable.
This is an important difference from companies that maintain a fixed monthly or quarterly dividend. PVL’s distribution history shows significant changes from month to month and periods in which no regular distribution was paid.
For example, the 2026 distributions announced through September include:
| Distribution month | Distribution per unit |
|---|---|
| January 2026 | $0.015000 |
| February | $0.005000 |
| March | $0.010000 |
| April | $0.010000 |
| May | $0.014000 |
| June | $0.017000 |
| July | $0.015000 |
| August | $0.027000 |
| September | $0.016000 |
The June 2026 $0.017000 distribution is confirmed by the Trust’s June announcement.
Data note: The Trust’s current cash-distribution webpage displays a $0.112000 2026 total while its June 18 announcement confirms a $0.017000 June distribution. The monthly entries therefore do not currently reconcile perfectly with the displayed year-to-date total. For accuracy, investors should rely on the individual official distribution announcements when checking a specific payment.
PVL Dividend Yield: How Is It Calculated?
The PVL dividend yield changes with both the distribution level and PVL’s market price.
Using a recent PVL price of approximately $1.82 and the latest $0.016 monthly distribution:
Forward annualized distribution = $0.016 × 12 = $0.192
Illustrative forward yield = $0.192 ÷ $1.82 × 100 ≈ 10.55%
This is an annualized illustration, not a guaranteed future yield. PVL’s monthly distribution is variable, so multiplying one monthly payment by 12 assumes that the same payment continues for a full year.
For comparison, the trailing twelve-month approach uses actual distributions over the preceding 12 months rather than simply annualizing the latest payment. Market-data providers can therefore report different current or forward yields depending on the methodology and price timestamp.
What Is the PVL Trailing Twelve-Month Dividend?
A TTM dividend adds the distributions actually paid over the previous 12 months.
Using the Trust’s published distribution history and payments from late 2025 through September 2026, the TTM amount is approximately $0.218 per unit based on the monthly payments used in that period.
At a PVL price around $1.82, that would imply an illustrative TTM yield of roughly:
$0.218 ÷ $1.82 × 100 ≈ 11.98%
This differs from a forward dividend yield because the two calculations answer different questions:
- TTM yield: Looks backward at distributions already paid.
- Forward yield: Uses an annualized estimate based on a current distribution.
- Current yield: Can vary depending on the data provider’s methodology and the stock price used.
That distinction matters particularly for royalty trusts because distributions can rise or fall sharply.
PVL Dividend History
PVL’s long-term distribution history demonstrates why investors should focus on the entire record rather than one unusually high monthly payment.
According to Permianville Royalty Trust’s official distribution history, annual distributions per unit include:
| Year | Distribution per unit |
|---|---|
| 2026* | $0.112000 shown by Trust |
| 2025 | $0.121000 |
| 2024 | $0.085500 |
| 2023 | $0.369670 |
| 2022 | $0.441500 |
| 2021 | $0.119500 |
| 2020 | $0.134230 |
| 2019 | $0.306462 |
| 2018 | $0.4185809 |
| 2017 | $1.358260 |
| 2016 | $0.241953 |
| 2015 | $0.380602 |
*The official 2026 total currently displayed on the Trust’s website does not reconcile with all individually announced 2026 distributions, as noted above.
The history shows considerable variation. For example, PVL distributed $0.4415 per unit in 2022, while the official annual total was only $0.1195 in 2021.
PVL Stock Dividend 2022: What Happened?
The PVL stock dividend in 2022 was considerably higher than several surrounding years.
The Trust paid the following monthly distributions in 2022:
- January: $0.023000
- February: $0.041000
- March: $0.016000
- April: $0.031500
- May: $0.032000
- June: $0.045000
- July: $0.021500
- August: $0.024500
- September: $0.050500
- October: $0.051000
- November: $0.047500
- December: $0.058000
The full-year total was $0.4415 per unit.
The 2022 record demonstrates why historical PVL dividend data should not automatically be used as a forecast for future income.
Why Does the PVL Payout Change?
The biggest reason is that PVL’s distribution is connected to the performance of its underlying oil and natural gas interests.
Several factors can affect the monthly payout:
- Oil prices
- Natural gas prices
- Production volumes
- Operating expenses
- Development and capital expenditures
- Net profits interest shortfalls
- Administrative expenses
The Trust’s 2025 experience illustrates this variability. During part of 2025, expenses exceeded cash receipts and a net profits interest shortfall prevented regular distributions. The Trust later resumed distributions after the shortfall and advances were addressed.
This is why PVL should not be analyzed like a traditional dividend-growth company.
Is the PVL Dividend Sustainable?
PVL’s distribution should be viewed as variable income tied to underlying energy economics, rather than a fixed dividend commitment.
The Trust’s SEC filing explains that it is a passive owner of the net profits interest and does not control the operations, development timing or costs of the underlying properties. Third parties operate substantially all of the wells.
That creates several important considerations for income investors:
- A high historical yield does not guarantee future distributions.
- Monthly payments can decline.
- A month can produce no distribution.
- Higher oil and gas prices can support distributable income, while weaker economics can reduce it.
- Capital spending can materially affect net profits.
- Production changes can influence future cash receipts.
The 2025 distribution interruption is a useful reminder that PVL’s income stream can behave differently from the dividends of a mature operating company.
PVL Dividend Growth: What Should Investors Watch?
PVL is not naturally suited to a simple dividend-growth analysis.
A traditional dividend-growth stock might target a steadily increasing quarterly dividend. PVL’s distribution history instead reflects the economics of a royalty trust.
For example, annual distributions moved from $0.4415 in 2022 to $0.36967 in 2023, $0.0855 in 2024, and $0.121 in 2025.
This pattern shows that historical PVL dividend growth is highly variable.
For future analysis, investors should monitor:
- Monthly distribution announcements
- Oil and natural gas prices
- Production volumes
- Capital expenditures
- Net profits interest calculations
- Any outstanding shortfalls or advances
- PVL’s unit price
PVL Stock Price and Dividend Yield
PVL’s unit price is important because dividend yield is calculated relative to the market price.
For example, if the annualized distribution remained $0.192:
- At $1.50, the implied yield would be 12.80%.
- At $1.82, it would be about 10.55%.
- At $2.00, it would be 9.60%.
The underlying distribution has not changed in this illustration; only the unit price has changed.
Recent historical data placed PVL around the $1.80 to $1.82 area in late September 2026.
This is why a falling stock price can make the displayed yield look higher even when the actual cash distribution has not increased.
How Often Does PVL Pay Dividends?
PVL generally pays monthly cash distributions.
However, monthly does not mean fixed.
The Trust’s historical records contain both distribution months and months with zero distributions. In 2025, for example, the Trust had no regular monthly distributions for much of the first part of the year before payments resumed later in the year.
Therefore, investors looking for predictable monthly income should pay attention to the actual distribution announcement each month rather than assuming the previous payment will repeat.
source: stockanalysis.com
source: investing.com
PVL Dividend Information: Key Takeaways
The most useful points for someone researching PVL are:
- PVL is a royalty trust, not a conventional operating corporation.
- Its distributions are generally made monthly.
- The latest announced distribution as of September 30, 2026 is $0.016000 per unit.
- The latest record and ex-dividend date is September 30, 2026.
- The latest scheduled payment date is October 14, 2026.
- PVL distributions are variable and depend on the underlying oil and gas economics.
- The 2022 full-year distribution was $0.4415 per unit.
- A high PVL yield should not automatically be interpreted as a stable or guaranteed income stream.
- TTM and forward yield calculations can produce different results.
Custom FAQs
What is the current PVL stock dividend?
The latest announced PVL distribution is $0.016000 per unit, announced September 18, 2026 and scheduled for payment on October 14, 2026.
What was the PVL stock dividend in 2022?
PVL distributed a total of $0.4415 per unit in 2022. The Trust’s official records show monthly distributions ranging from $0.016000 to $0.058000 during that year.
What is the PVL stock dividend date?
For the latest September 2026 distribution, the record date and ex-dividend date are September 30, 2026. The scheduled payment date is October 14, 2026.
When was the latest PVL stock dividend announcement?
Permianville Royalty Trust announced its latest $0.016000-per-unit distribution on September 18, 2026.
What is the PVL stock dividend history?
PVL has a variable distribution history. The Trust reports annual distributions of $0.4415 per unit in 2022, $0.36967 in 2023, $0.0855 in 2024 and $0.121 in 2025.
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