North European Oil Royality Trust (NYSE:NRT – Get Free Report) declared a quarterly dividend on Friday, January 30th. Stockholders of record on Friday, February 13th will be paid a dividend of 0.22 per share by the energy company on Wednesday, February 25th. This represents a c) annualized dividend and a dividend yield of 9.6%. The ex-dividend date is Friday, February 13th.
North European Oil Royality Trust has increased its dividend payment by an average of 0.0%per year over the last three years.
North European Oil Royality Trust Trading Up 0.5%
NRT traded up $0.05 during trading hours on Wednesday, hitting $9.16. The company’s stock had a trading volume of 65,504 shares, compared to its average volume of 126,359. The company has a 50-day simple moving average of $7.62 and a 200 day simple moving average of $6.28. The firm has a market capitalization of $84.18 million, a PE ratio of 11.13 and a beta of 0.17. North European Oil Royality Trust has a fifty-two week low of $4.00 and a fifty-two week high of $9.48.
North European Oil Royality Trust Company Profile
North European Oil Royalty Trust (NYSE: NRT) is a statutory trust that holds an overriding royalty interest in a diversified portfolio of oil and natural gas properties located in the United Kingdom sector of the North Sea. The trust’s sole business is to receive royalty revenues from production activities on its underlying fields and distribute those revenues directly to unitholders. It does not engage in exploration, drilling or field operations.
Under the terms of its governing agreement, the trust is entitled to a fixed percentage of net production revenues, after the deduction of operating and administrative expenses, from a series of established oil and gas fields in the North Sea region.
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