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Enduro Royalty Trust (NASDAQ:NDRO) announced a monthly dividend on Wednesday, May 21st, StockRatingsNetwork reports. Stockholders of record on Friday, May 30th will be paid a dividend of 0.0824 per share on Friday, June 13th. This represents a $0.99 annualized dividend and a dividend yield of 7.91%. The ex-dividend date is Wednesday, May 28th. This is a boost from Enduro Royalty Trust’s previous monthly dividend of $0.03.

On a related note, analysts at Barclays cut their price target on shares of Enduro Royalty Trust from $17.00 to $15.00 in a research note on Monday, March 24th. They now have an “overweight” rating on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Enduro Royalty Trust presently has a consensus rating of “Buy” and an average target price of $16.80.

Enduro Royalty Trust (NASDAQ:NDRO) traded up 7.49% on Wednesday, hitting $12.49. 321,494 shares of the company’s stock traded hands. Enduro Royalty Trust has a 1-year low of $11.34 and a 1-year high of $16.74. The stock’s 50-day moving average is $12.16 and its 200-day moving average is $12.66. The company has a market cap of $412.2 million and a P/E ratio of 7.81.

Enduro Royalty Trust (NASDAQ:NDRO) last posted its quarterly earnings results on Thursday, April 10th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. Analysts expect that Enduro Royalty Trust will post $1.28 EPS for the current fiscal year.

Enduro Royalty Trust (NASDAQ:NDRO) is a statutory trust.

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