North European Oil Royalty Trust (NRT) Declares $0.15 Quarterly Dividend
North European Oil Royalty Trust (NYSE:NRT) announced a quarterly dividend on Wednesday, October 31st, NASDAQ reports. Stockholders of record on Friday, November 16th will be paid a dividend of 0.15 per share by the energy company on Wednesday, November 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date is Thursday, November 15th.
North European Oil Royalty Trust has decreased its dividend by an average of 27.0% per year over the last three years.
Shares of NRT opened at $6.94 on Wednesday. North European Oil Royalty Trust has a twelve month low of $6.25 and a twelve month high of $9.40. The firm has a market capitalization of $63.88 million, a PE ratio of 9.03 and a beta of 0.10.
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About North European Oil Royalty Trust
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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