North European Oil Royalty Trust (NYSE:NRT) declared a quarterly dividend on Thursday, February 1st, Wall Street Journal reports. Shareholders of record on Friday, February 16th will be paid a dividend of 0.17 per share by the energy company on Wednesday, February 28th. This represents a $0.68 dividend on an annualized basis and a yield of 7.91%. The ex-dividend date is Thursday, February 15th.
North European Oil Royalty Trust has decreased its dividend by an average of 27.0% per year over the last three years.
North European Oil Royalty Trust (NYSE NRT) traded up $0.04 during trading hours on Thursday, hitting $8.60. The stock had a trading volume of 28,624 shares, compared to its average volume of 65,624. North European Oil Royalty Trust has a 1-year low of $5.94 and a 1-year high of $9.32. The company has a market cap of $78.40, a price-to-earnings ratio of 11.48 and a beta of 0.02.
North European Oil Royalty Trust (NYSE:NRT) last posted its quarterly earnings results on Thursday, November 16th. The energy company reported $0.22 earnings per share (EPS) for the quarter. North European Oil Royalty Trust had a return on equity of 5,980.42% and a net margin of 90.52%.
Separately, TheStreet upgraded North European Oil Royalty Trust from a “c” rating to a “b-” rating in a research report on Friday, January 5th.
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About North European Oil Royalty Trust
North European Oil Royalty Trust is a grantor trust. The Trust, on behalf of the owners, holds overriding royalty rights covering gas and oil production in certain concessions or leases in the Federal Republic of Germany. The rights are held under contracts with local German exploration and development subsidiaries of ExxonMobil Corp.
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