North European Oil Royality Trust (NYSE:NRT) announced a quarterly dividend on Tuesday, August 1st, Wall Street Journal reports. Shareholders of record on Friday, August 18th will be paid a dividend of 0.20 per share by the energy company on Wednesday, August 30th. This represents a $0.80 annualized dividend and a yield of 12.40%. The ex-dividend date is Wednesday, August 16th. This is a positive change from North European Oil Royality Trust’s previous quarterly dividend of $0.19.
North European Oil Royality Trust has decreased its dividend by an average of 33.2% per year over the last three years.
Shares of North European Oil Royality Trust (NRT) traded down 1.23% during midday trading on Friday, reaching $6.45. 28,252 shares of the company’s stock traded hands. The stock has a market cap of $59.28 million, a P/E ratio of 10.50 and a beta of 0.01. The stock has a 50-day moving average price of $6.43 and a 200-day moving average price of $7.03. North European Oil Royality Trust has a 52-week low of $5.94 and a 52-week high of $8.54.
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North European Oil Royality Trust Company Profile
North European Oil Royalty Trust is a grantor trust. The Trust, on behalf of the owners, holds overriding royalty rights covering gas and oil production in certain concessions or leases in the Federal Republic of Germany. The rights are held under contracts with local German exploration and development subsidiaries of ExxonMobil Corp.
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