North European Oil Royality Trust (NYSE:NRT) Plans Quarterly Dividend of $0.26

North European Oil Royality Trust (NYSE:NRT) declared a quarterly dividend on Thursday, July 30th. Investors of record on Monday, August 17th will be paid a dividend of 0.26 per share by the energy company on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 11.7%. The ex-dividend date of this dividend is Monday, August 17th. This is a 18.2% increase from North European Oil Royality Trust’s previous quarterly dividend of $0.22.

North European Oil Royality Trust has increased its dividend by an average of 0.0%per year over the last three years.

North European Oil Royality Trust Price Performance

Shares of North European Oil Royality Trust stock opened at $8.86 on Friday. North European Oil Royality Trust has a 1 year low of $4.76 and a 1 year high of $10.49. The firm’s 50-day moving average is $7.74 and its 200 day moving average is $8.35. The stock has a market cap of $81.43 million, a price-to-earnings ratio of 8.77 and a beta of -0.04.

North European Oil Royality Trust (NYSE:NRT) last released its quarterly earnings data on Friday, June 5th. The energy company reported $0.22 earnings per share for the quarter. The business had revenue of $2.38 million during the quarter. North European Oil Royality Trust had a net margin of 91.27% and a return on equity of 498.36%.

Institutional Trading of North European Oil Royality Trust

A number of institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new position in shares of North European Oil Royality Trust during the first quarter valued at approximately $60,000. Verdad Advisers LP bought a new position in North European Oil Royality Trust during the fourth quarter valued at approximately $94,000. Marshall Wace LLP purchased a new stake in North European Oil Royality Trust in the fourth quarter worth approximately $96,000. Private Advisor Group LLC purchased a new stake in North European Oil Royality Trust in the first quarter worth approximately $108,000. Finally, Susquehanna International Group LLP bought a new stake in North European Oil Royality Trust in the 3rd quarter worth approximately $134,000. Hedge funds and other institutional investors own 6.97% of the company’s stock.

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.