North European Oil Royality Trust (NYSE:NRT – Get Free Report) announced a quarterly dividend on Thursday, October 29th. Investors of record on Tuesday, November 17th will be given 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 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 Stock Performance
NRT stock opened at $8.39 on Friday. North European Oil Royality Trust has a fifty-two week low of $5.42 and a fifty-two week high of $10.49. The firm has a fifty day moving average price of $8.71 and a 200 day moving average price of $8.49. The firm has a market cap of $77.08 million, a PE ratio of 8.22 and a beta of 0.18.
North European Oil Royality Trust (NYSE:NRT – Get Free Report) 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.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded North European Oil Royality Trust from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, North European Oil Royality Trust presently has an average rating of “Buy”.
Get Our Latest Analysis on NRT
About North European Oil Royality Trust
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.
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