North European Oil Royality Trust (NYSE:NRT) Raises Dividend to $0.26 Per Share

Key Points

• North European Oil Royalty Trust has increased its dividend to $0.26 per share, representing a 30.0% increase from the previous $0.20 dividend.
• The stock's ex-dividend date is set for August 15th, with dividends payable on August 27th to stockholders of record by August 18th.
• As of the latest report, the company's stock price is $5.44, and it has a market capitalization of $50.03 million with a P/E ratio of 10.67.

North European Oil Royality Trust (NYSE:NRT - Get Free Report) declared a dividend on Tuesday, August 12th, investing.com reports. Investors of record on Monday, August 18th will be paid a dividend of 0.26 per share by the energy company on Wednesday, August 27th. This represents a yield of 1,905.0%. The ex-dividend date is Friday, August 15th. This is a 30.0% increase from North European Oil Royality Trust's previous dividend of $0.20.

North European Oil Royality Trust Trading Up 2.1%

NYSE:NRT traded up $0.12 during trading hours on Thursday, hitting $5.72. 90,115 shares of the company were exchanged, compared to its average volume of 34,184. The stock has a market capitalization of $52.57 million, a price-to-earnings ratio of 11.22 and a beta of 0.08. North European Oil Royality Trust has a one year low of $3.88 and a one year high of $6.10. The company has a fifty day simple moving average of $5.16 and a 200 day simple moving average of $4.80.

North European Oil Royality Trust (NYSE:NRT - Get Free Report) last announced its earnings results on Friday, May 30th. The energy company reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $2.47 million during the quarter. North European Oil Royality Trust had a return on equity of 379.51% and a net margin of 88.34%.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on North European Oil Royality Trust in a research report on Friday, May 16th. They issued a "buy" rating for the company.

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.