North European Oil Royality Trust (NRT) To Go Ex-Dividend on August 17th

North European Oil Royality Trust (NYSE:NRT) announced a quarterly dividend on Thursday, July 30th. Investors of record on Monday, August 17th will be paid a dividend of 0.26 per share by the energy company on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 11.0%. The ex-dividend date is Monday, August 17th. This is a 18.2% increase from North European Oil Royality Trust’s previous quarterly dividend of $0.22.

North European Oil Royality Trust has increased its dividend payment by an average of 0.0%annually over the last three years.

North European Oil Royality Trust Stock Performance

Shares of North European Oil Royality Trust stock opened at $9.49 on Friday. The stock has a market capitalization of $87.20 million, a P/E ratio of 9.40 and a beta of -0.04. North European Oil Royality Trust has a 52-week low of $4.76 and a 52-week high of $10.49. The stock’s 50-day simple moving average is $7.77 and its 200 day simple moving average is $8.36.

North European Oil Royality Trust (NYSE:NRT) last issued its earnings results on Friday, June 5th. The energy company reported $0.22 earnings per share for the quarter. The firm had revenue of $2.38 million during the quarter. North European Oil Royality Trust had a net margin of 91.27% and a return on equity of 498.36%.

Analyst Ratings Changes

A number of brokerages recently commented on NRT. Wall Street Zen cut shares of North European Oil Royality Trust from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings raised shares of North European Oil Royality Trust from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

North European Oil Royality Trust Company Profile

North European Oil Royalty Trust (NYSE: NRT) is a statutory trust that holds an overriding royalty interest in a diversified portfolio of oil and natural gas properties located in the United Kingdom sector of the North Sea. The trust’s sole business is to receive royalty revenues from production activities on its underlying fields and distribute those revenues directly to unitholders. It does not engage in exploration, drilling or field operations.

Under the terms of its governing agreement, the trust is entitled to a fixed percentage of net production revenues, after the deduction of operating and administrative expenses, from a series of established oil and gas fields in the North Sea region.