Stocks: North European Oil Royalty Trust (NRT) To Go Ex-Dividend on May 17th

Stocks: North European Oil Royalty Trust (NRT) To Go Ex-Dividend on May 17th

North European Oil Royalty Trust (NYSE:NRT) announced a quarterly dividend on Monday, May 1st. Stockholders of record on Friday, May 19th will be given a dividend of 0.19 per share by the energy company on Wednesday, May 31st. This represents a $0.76 annualized dividend and a dividend yield of 9.96%. The ex-dividend date is Wednesday, May 17th. This is a positive change from North European Oil Royalty Trust’s previous quarterly dividend of $0.15.

North European Oil Royalty Trust has decreased its dividend by an average of 33.2% annually over the last three years.

North European Oil Royalty Trust (NYSE:NRT) traded down 0.8604% during midday trading on Friday, hitting $7.5705. The stock had a trading volume of 4,598 shares. North European Oil Royalty Trust has a 1-year low of $6.11 and a 1-year high of $9.90. The firm has a market capitalization of $69.57 million, a price-to-earnings ratio of 11.5228 and a beta of 0.03. The firm has a 50-day moving average price of $7.26 and a 200-day moving average price of $7.18.

North European Oil Royalty Trust (NYSE:NRT) last issued its quarterly earnings results on Friday, February 10th. The energy company reported $0.15 earnings per share for the quarter. The company had revenue of $1.73 million during the quarter. North European Oil Royalty Trust had a return on equity of 8,631.43% and a net margin of 88.13%.

About North European Oil Royalty Trust

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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