North European Oil Royality Trust (NYSE:NRT) Shareholders to Get $0.20 Quarterly Dividend

North European Oil Royality Trust (NYSE:NRT) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Tuesday, November 17th will be paid a dividend of $0.20 per share by the energy company on Monday, November 30th. This represents a $0.80 annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend is Tuesday, November 17th. This is a 23.1% decrease from North European Oil Royality Trust’s previous quarterly dividend of $0.26.

North European Oil Royality Trust Price Performance

North European Oil Royality Trust stock opened at $8.39 on Friday. The stock has a market cap of $77.08 million, a price-to-earnings ratio of 8.22 and a beta of 0.18. The firm has a 50-day moving average of $8.71 and a two-hundred day moving average of $8.49. North European Oil Royality Trust has a 1 year low of $5.42 and a 1 year high of $10.49.

North European Oil Royality Trust (NYSE:NRT) last issued its earnings results on Tuesday, September 8th. The energy company reported $0.27 earnings per share for the quarter. North European Oil Royality Trust had a return on equity of 491.20% and a net margin of 91.06%. The business had revenue of $2.64 million during the quarter.

Hedge Funds Weigh In On North European Oil Royality Trust

A hedge fund recently bought a new position in North European Oil Royality Trust stock. Private Advisor Group LLC acquired a new stake in North European Oil Royality Trust (NYSE:NRT) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,000 shares of the energy company’s stock, valued at approximately $108,000. Private Advisor Group LLC owned approximately 0.13% of North European Oil Royality Trust as of its most recent filing with the Securities and Exchange Commission. 6.97% of the stock is currently owned by institutional investors and hedge funds.

North European Oil Royality Trust Company Profile

North European Oil Royalty Trust is a grantor trust that holds overriding royalty interests in certain oil, natural gas and sulfur concessions in the Federal Republic of Germany. The Trust does not explore for or produce hydrocarbons itself; instead, it receives royalty payments based on production from the properties in which it holds interests.

The Trust’s royalty interests are primarily associated with gas-producing concessions in the Oldenburg and Ostfriesland regions of northwestern Germany.