North European Oil Royality Trust Declares Quarterly Dividend of $0.22 (NYSE:NRT)

North European Oil Royality Trust (NYSE:NRT) declared a quarterly dividend on Friday, January 30th. Investors of record on Friday, February 13th will be given a dividend of 0.22 per share by the energy company on Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend is Friday, February 13th.

North European Oil Royality Trust has raised its dividend by an average of 0.0%per year over the last three years.

North European Oil Royality Trust Stock Performance

Shares of North European Oil Royality Trust stock traded up $0.03 on Wednesday, hitting $9.14. 64,199 shares of the company’s stock were exchanged, compared to its average volume of 126,321. The company has a 50-day simple moving average of $7.62 and a 200-day simple moving average of $6.28. North European Oil Royality Trust has a 1 year low of $4.00 and a 1 year high of $9.48. The stock has a market capitalization of $83.95 million, a PE ratio of 11.14 and a beta of 0.17.

North European Oil Royality Trust (NYSE:NRT) last released its earnings results on Wednesday, December 31st. The energy company reported $0.32 earnings per share (EPS) for the quarter. North European Oil Royality Trust had a net margin of 91.78% and a return on equity of 458.25%. The company had revenue of $3.06 million during the quarter.

Analyst Ratings Changes

NRT has been the topic of several research analyst reports. Wall Street Zen upgraded shares of North European Oil Royality Trust from a “hold” rating to a “strong-buy” rating in a research note on Saturday, January 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of North European Oil Royality Trust in a research note on Friday, January 9th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, North European Oil Royality Trust presently has a consensus rating of “Hold”.

North European Oil Royality Trust Company Profile

North European Oil Royalty Trust (NYSE: NRT) is a statutory trust that holds an overriding royalty interest in a diversified portfolio of oil and natural gas properties located in the United Kingdom sector of the North Sea. The trust’s sole business is to receive royalty revenues from production activities on its underlying fields and distribute those revenues directly to unitholders. It does not engage in exploration, drilling or field operations.

Under the terms of its governing agreement, the trust is entitled to a fixed percentage of net production revenues, after the deduction of operating and administrative expenses, from a series of established oil and gas fields in the North Sea region.