North European Oil Royalty Trust (NYSE:NRT) to Issue Quarterly Dividend of $0.02

North European Oil Royalty Trust (NYSE:NRT) announced a quarterly dividend on Thursday, October 31st, NASDAQ reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.02 per share by the energy company on Wednesday, November 27th. This represents a $0.08 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Friday, November 15th.

North European Oil Royalty Trust Stock Down 16.0 %

NRT traded down $0.82 during mid-day trading on Friday, reaching $4.31. 272,395 shares of the company traded hands, compared to its average volume of 62,111. North European Oil Royalty Trust has a 52-week low of $4.08 and a 52-week high of $8.62. The stock has a market capitalization of $39.61 million, a P/E ratio of 9.37 and a beta of 0.81. The company’s fifty day moving average price is $5.27 and its 200-day moving average price is $6.13.

North European Oil Royalty Trust (NYSE:NRT) last announced its quarterly earnings data on Friday, August 30th. The energy company reported $0.21 EPS for the quarter. The business had revenue of $2.46 million during the quarter.

North European Oil Royalty Trust Company Profile

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.