North European Oil Royalty Trust (NYSE:NRT) declared a quarterly dividend on Wednesday, October 31st, NASDAQ reports. Shareholders of record on Friday, November 16th will be paid a dividend of 0.15 per share by the energy company on Wednesday, November 28th. This represents a $0.60 dividend on an annualized basis and a yield of 8.63%. The ex-dividend date is Thursday, November 15th.
North European Oil Royalty Trust has decreased its dividend by an average of 27.0% annually over the last three years.
Shares of North European Oil Royalty Trust stock opened at $6.95 on Friday. The firm has a market cap of $64.52 million, a price-to-earnings ratio of 9.12 and a beta of 0.10. North European Oil Royalty Trust has a 12-month low of $6.25 and a 12-month high of $9.40.
North European Oil Royalty Trust (NYSE:NRT) last issued its quarterly earnings data on Wednesday, August 15th. The energy company reported $0.19 earnings per share (EPS) for the quarter. The business had revenue of $1.90 million for the quarter. North European Oil Royalty Trust had a net margin of 90.16% and a return on equity of 7,669.19%.
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About North European Oil Royalty Trust
North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in concessions or leases in the Federal Republic of Germany. It holds rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.
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