North European Oil Royality Trust (NYSE:NRT – Get Free Report) declared 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 18.0%. The ex-dividend date 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 payment by an average of 0.1%annually over the last three years.
North European Oil Royality Trust Trading Up 1.4%
Shares of North European Oil Royality Trust stock opened at $6.89 on Wednesday. North European Oil Royality Trust has a 1 year low of $3.88 and a 1 year high of $6.95. The company has a market cap of $63.28 million, a price-to-earnings ratio of 12.29 and a beta of 0.02. The company’s fifty day simple moving average is $5.57 and its 200-day simple moving average is $5.22.
Analyst Upgrades and Downgrades
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 analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Read Our Latest Analysis on North European Oil Royality Trust
About North European Oil Royality Trust
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.
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