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

North European Oil Royality Trust (NYSE:NRT) announced a quarterly dividend on Thursday, April 30th. Investors of record on Wednesday, May 13th will be paid a dividend of 0.22 per share by the energy company on Wednesday, May 27th. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date is Wednesday, May 13th.

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

North European Oil Royality Trust Price Performance

Shares of NYSE NRT opened at $8.28 on Friday. The stock has a market capitalization of $76.09 million, a P/E ratio of 8.36 and a beta of 0.12. North European Oil Royality Trust has a 1-year low of $4.36 and a 1-year high of $10.49. The business has a fifty day moving average price of $8.78 and a 200 day moving average price of $7.62.

North European Oil Royality Trust (NYSE:NRT) last issued its quarterly earnings data on Monday, March 2nd. The energy company reported $0.21 earnings per share for the quarter. The firm had revenue of $2.21 million during the quarter. North European Oil Royality Trust had a return on equity of 516.79% and a net margin of 92.51%.

About North European Oil Royality Trust

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.