North European Oil Royalty Trust (NYSE:NRT) Declares Quarterly Dividend of $0.20

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North European Oil Royalty Trust (NYSE:NRT - Get Free Report) announced a quarterly dividend on Wednesday, May 1st, Wall Street Journal reports. Shareholders of record on Friday, May 17th will be paid a dividend of 0.20 per share by the energy company on Wednesday, May 29th. This represents a $0.80 dividend on an annualized basis and a yield of 10.71%. The ex-dividend date is Thursday, May 16th. This is an increase from North European Oil Royalty Trust's previous quarterly dividend of $0.05.

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North European Oil Royalty Trust Stock Performance

NRT stock traded up $0.26 during midday trading on Wednesday, reaching $7.47. 88,274 shares of the company traded hands, compared to its average volume of 77,748. North European Oil Royalty Trust has a 52-week low of $4.77 and a 52-week high of $16.36. The business has a 50 day moving average of $6.17 and a 200-day moving average of $6.70. The firm has a market capitalization of $68.65 million, a price-to-earnings ratio of 5.70 and a beta of 0.90.

North European Oil Royalty Trust (NYSE:NRT - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The energy company reported $0.05 earnings per share for the quarter. North European Oil Royalty Trust had a return on equity of 1,655.62% and a net margin of 97.12%. The firm had revenue of $0.43 million for the quarter.

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Analysts Set New Price Targets

Separately, TheStreet downgraded North European Oil Royalty Trust from a "b-" rating to a "c" rating in a report on Tuesday, January 2nd.

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About North European Oil Royalty Trust

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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.

Dividend History for North European Oil Royalty Trust (NYSE:NRT)

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