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

Key Points

• North European Oil Royalty Trust declared a quarterly dividend of $0.20 per share, payable November 30 to shareholders of record on November 17. The $0.80 annualized payout implies a 9.5% yield but represents a 23.1% decrease from the prior $0.26 dividend.
• The trust reported quarterly EPS of $0.27 on $2.64 million in revenue, with a 91.06% net margin and 491.20% return on equity.
• NRT shares opened at $8.39, while institutional investors own 6.97% of the company; Private Advisor Group recently acquired 12,000 shares.

North European Oil Royality Trust (NYSE:NRT - Get Free Report) announced a quarterly dividend on Thursday, October 29th. Stockholders 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 dividend 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 Down 0.6%

NYSE:NRT opened at $8.39 on Friday. The company has a fifty day moving average of $8.71 and a 200-day moving average of $8.49. The firm has a market capitalization of $77.08 million, a P/E ratio of 8.22 and a beta of 0.18. North European Oil Royality Trust has a twelve month low of $5.42 and a twelve month high of $10.49.

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

Institutional Investors Weigh In On North European Oil Royality Trust

A hedge fund recently bought a new stake in North European Oil Royality Trust stock. Private Advisor Group LLC purchased a new stake in North European Oil Royality Trust (NYSE:NRT - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 12,000 shares of the energy company's stock, valued at approximately $108,000. Private Advisor Group LLC owned about 0.13% of North European Oil Royality Trust as of its most recent filing with the SEC. 6.97% of the stock is owned by institutional investors.

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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