North European Oil Royalty Trust (NYSE:NRT) Announces Quarterly Dividend of $0.20

North European Oil Royalty Trust (NYSE:NRTGet Free Report) declared a quarterly dividend on Tuesday, April 30th, Wall Street Journal reports. Investors of record on Friday, May 17th will be given a dividend of 0.20 per share by the energy company on Wednesday, May 29th. This represents a $0.80 annualized dividend and a dividend yield of 9.57%. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from North European Oil Royalty Trust’s previous quarterly dividend of $0.05.

North European Oil Royalty Trust Trading Up 5.6 %

Shares of NYSE:NRT opened at $8.36 on Wednesday. The firm has a market cap of $72.79 million, a PE ratio of 6.38 and a beta of 0.83. North European Oil Royalty Trust has a 12-month low of $4.77 and a 12-month high of $16.36. The company has a fifty day simple moving average of $6.65 and a 200 day simple moving average of $6.45.

North European Oil Royalty Trust (NYSE:NRTGet Free Report) last issued its earnings results on Thursday, February 15th. The energy company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $0.43 million during the quarter.

About North European Oil Royalty Trust

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North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in various concessions or leases in the Federal Republic of Germany. The company also has rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.

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Dividend History for North European Oil Royalty Trust (NYSE:NRT)

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