Enduro Royalty Trust (NYSE:NDRO) to Issue $0.01 Dividend
Enduro Royalty Trust (NYSE:NDRO) declared a dividend on Friday, July 21st, Fidelity reports. Shareholders of record on Monday, July 31st will be given a dividend of 0.0112 per share by the oil and gas producer on Monday, August 14th. The ex-dividend date is Thursday, July 27th.
Enduro Royalty Trust has decreased its dividend by an average of 44.6% annually over the last three years. Enduro Royalty Trust has a payout ratio of 21.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Enduro Royalty Trust to earn $0.15 per share next year, which means the company may not be able to cover its $0.18 annual dividend with an expected future payout ratio of 120.0%.
Enduro Royalty Trust (NDRO) traded up 0.29% on Friday, hitting $3.41. 11,227 shares of the company’s stock were exchanged. Enduro Royalty Trust has a 12-month low of $3.05 and a 12-month high of $4.55. The company has a market cap of $112.53 million, a PE ratio of 14.15 and a beta of 0.35. The company’s 50-day moving average price is $3.36 and its 200-day moving average price is $3.45.
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Several research analysts have recently issued reports on the stock. Stifel Nicolaus lowered their target price on shares of Enduro Royalty Trust from $4.00 to $3.75 and set a “buy” rating for the company in a report on Thursday, July 13th. Zacks Investment Research upgraded shares of Enduro Royalty Trust from a “sell” rating to a “hold” rating in a report on Friday, May 26th.
About Enduro Royalty Trust
Enduro Royalty Trust (the Trust) is a statutory trust formed by Enduro Resource Partners LLC (Enduro), as trustor, The Bank of New York Mellon Trust Company, N.A. (the Trustee), as trustee, and Wilmington Trust Company (the Delaware Trustee), as Delaware Trustee. The Trust was created to acquire and hold for the benefit of the Trust unitholders a net profits interest representing the right to receive approximately 80% of the net profits from the sale of oil and natural gas production from certain properties in the states of Texas, Louisiana and New Mexico held by Enduro as of the date of the conveyance of the net profits interest to the Trust (the Net Profits Interest).
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