Enduro Royalty Trust (NYSE:NDRO) announced a monthly dividend on Tuesday, December 19th, Wall Street Journal reports. Shareholders of record on Friday, December 29th will be paid a dividend of 0.0164 per share by the oil and gas producer on Tuesday, January 16th. This represents a $0.20 annualized dividend and a yield of 6.77%. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from Enduro Royalty Trust’s previous monthly dividend of $0.00364.

Enduro Royalty Trust has decreased its dividend by an average of 44.6% per year over the last three years. Enduro Royalty Trust has a payout ratio of 80.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

Shares of Enduro Royalty Trust (NDRO) traded down $0.10 during mid-day trading on Tuesday, reaching $2.90. 116,660 shares of the company’s stock traded hands, compared to its average volume of 73,615. The stock has a market cap of $102.30, a PE ratio of 10.00 and a beta of 0.45. Enduro Royalty Trust has a 1-year low of $2.75 and a 1-year high of $4.45.

Separately, Stifel Nicolaus cut shares of Enduro Royalty Trust from a “buy” rating to a “hold” rating and boosted their price target for the stock from $3.75 to $4.00 in a research note on Wednesday, September 27th.

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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).

Dividend History for Enduro Royalty Trust (NYSE:NDRO)

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