Enduro Royalty Trust (NYSE:NDRO) declared a monthly dividend on Tuesday, December 19th, Wall Street Journal reports. Investors of record on Friday, December 29th will be paid a dividend of 0.0164 per share by the oil and gas producer on Tuesday, January 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from Enduro Royalty Trust’s previous monthly dividend of $0.00364.
Enduro Royalty Trust has decreased its dividend payment by an average of 38.0% annually over the last three years. Enduro Royalty Trust has a dividend payout ratio of 80.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.
Shares of Enduro Royalty Trust (NDRO) opened at $3.40 on Thursday. The firm has a market capitalization of $112.20, a P/E ratio of 11.33 and a beta of 0.45. Enduro Royalty Trust has a 1 year low of $2.75 and a 1 year high of $4.45.
Separately, Stifel Nicolaus cut Enduro Royalty Trust from a “buy” rating to a “hold” rating and boosted their price target for the stock from $3.75 to $4.00 in a research note on Wednesday, September 27th.
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Enduro Royalty Trust Company Profile
Enduro Royalty Trust (the Trust) is a statutory trust formed by Enduro Resource Partners LLC (Enduro), as trustor, The Bank of New York Mellon Trust Company, N.A. (the Trustee), as trustee, and Wilmington Trust Company (the Delaware Trustee), as Delaware Trustee. The Trust was created to acquire and hold for the benefit of the Trust unitholders a net profits interest representing the right to receive approximately 80% of the net profits from the sale of oil and natural gas production from certain properties in the states of Texas, Louisiana and New Mexico held by Enduro as of the date of the conveyance of the net profits interest to the Trust (the Net Profits Interest).
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