North European Oil Royalty Trust (NYSE:NRT) announced a quarterly dividend on Wednesday, July 31st, NASDAQ reports. Investors of record on Friday, August 16th will be given a dividend of 0.22 per share by the energy company on Wednesday, August 28th. This represents a $0.88 dividend on an annualized basis and a yield of 11.81%. The ex-dividend date of this dividend is Thursday, August 15th.
North European Oil Royalty Trust has decreased its dividend by an average of 18.0% annually over the last three years.
NRT opened at $7.45 on Wednesday. North European Oil Royalty Trust has a 1-year low of $5.12 and a 1-year high of $8.35. The firm has a fifty day simple moving average of $7.25. The company has a market cap of $68.93 million, a PE ratio of 9.62 and a beta of 0.47.
North European Oil Royalty Trust (NYSE:NRT) last posted its quarterly earnings results on Wednesday, May 15th. The energy company reported $0.22 earnings per share for the quarter. North European Oil Royalty Trust had a return on equity of 7,737.05% and a net margin of 90.15%. The business had revenue of $2.24 million for the quarter.
Separately, TheStreet cut North European Oil Royalty Trust from a “b-” rating to a “c” rating in a research note on Wednesday, June 26th.
North European Oil Royalty Trust Company Profile
North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in concessions or leases in the Federal Republic of Germany. It holds rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.
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