Enduro Royalty Trust (ndro) Announces Dividend of $0.03
Enduro Royalty Trust (NYSE:ndro) announced a dividend on Friday, November 18th. Investors of record on Wednesday, November 30th will be paid a dividend of 0.028 per share on Wednesday, December 14th. The ex-dividend date of this dividend is Monday, November 28th.
Shares of Enduro Royalty Trust (NYSE:NDRO) opened at 3.80 on Monday. The company has a market capitalization of $125.40 million, a price-to-earnings ratio of 13.06 and a beta of 0.63. The company’s 50-day moving average is $3.52 and its 200 day moving average is $3.54. Enduro Royalty Trust has a 12 month low of $1.77 and a 12 month high of $4.06.
A hedge fund recently raised its stake in Enduro Royalty Trust stock. JPMorgan Chase & Co. increased its stake in shares of Enduro Royalty Trust (NYSE:NDRO) by 19.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,069 shares of the company’s stock after buying an additional 8,850 shares during the period. JPMorgan Chase & Co. owned 0.17% of Enduro Royalty Trust worth $195,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 57.52% of the company’s stock.
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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