North European Oil Royality Trust (NRT) To Go Ex-Dividend on November 14th

North European Oil Royality Trust (NYSE:NRT) announced a quarterly dividend on Friday, October 31st. Investors of record on Friday, November 14th will be given a dividend of 0.31 per share by the energy company on Wednesday, November 26th. This represents a c) dividend on an annualized basis and a yield of 19.7%. The ex-dividend date of this dividend is Friday, November 14th. This is a 19.2% increase from North European Oil Royality Trust’s previous quarterly dividend of $0.26.

North European Oil Royality Trust has decreased its dividend by an average of 0.1%annually over the last three years.

North European Oil Royality Trust Price Performance

NYSE:NRT opened at $6.31 on Friday. North European Oil Royality Trust has a 1-year low of $3.88 and a 1-year high of $6.34. The company has a 50-day moving average of $5.40 and a 200 day moving average of $5.12. The firm has a market cap of $57.95 million and a PE ratio of 11.26.

North European Oil Royality Trust (NYSE:NRT) last released its quarterly earnings data on Friday, August 29th. The energy company reported $0.26 earnings per share for the quarter. North European Oil Royality Trust had a net margin of 88.33% and a return on equity of 343.87%. The company had revenue of $2.62 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of North European Oil Royality Trust in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

North European Oil Royality Trust Company Profile

North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in various concessions or leases in the Federal Republic of Germany. The company also has rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.