Enduro Royalty Trust Declares Monthly Dividend of $0.04 (NDRO)
Enduro Royalty Trust (NASDAQ:NDRO) declared a monthly dividend on Wednesday, August 20th, American Banking and Market News reports. Stockholders of record on Friday, August 29th will be given a dividend of 0.0378 per share on Monday, September 15th. This represents a $0.45 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Wednesday, August 27th.
On a related note, analysts at Zacks upgraded shares of Enduro Royalty Trust from an “underperform” rating to a “neutral” rating in a research note on Monday, August 4th. They now have a $13.70 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $16.68.
Shares of Enduro Royalty Trust (NASDAQ:NDRO) traded down 0.45% on Wednesday, hitting $13.28. The stock had a trading volume of 129,474 shares. Enduro Royalty Trust has a 1-year low of $11.34 and a 1-year high of $15.92. The stock has a 50-day moving average of $13.79 and a 200-day moving average of $13.04. The company has a market cap of $438.2 million and a price-to-earnings ratio of 9.57.
Enduro Royalty Trust (NASDAQ:NDRO) last announced its earnings results on Monday, August 18th. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.22 by $0.03. Analysts expect that Enduro Royalty Trust will post $1.15 earnings per share for the current fiscal year.
Enduro Royalty Trust (NASDAQ:NDRO) is a statutory trust.
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