North European Oil Royality Trust (NYSE:NRT) declared a quarterly dividend on Tuesday, October 31st, Wall Street Journal reports. Stockholders of record on Friday, November 17th will be paid a dividend of 0.22 per share by the energy company on Wednesday, November 29th. This represents a $0.88 annualized dividend and a dividend yield of 12.29%. The ex-dividend date of this dividend is Thursday, November 16th. This is a positive change from North European Oil Royality Trust’s previous quarterly dividend of $0.20.
North European Oil Royality Trust has decreased its dividend by an average of 33.2% annually over the last three years.
North European Oil Royality Trust (NRT) opened at $7.16 on Wednesday. The firm has a market capitalization of $66.26 and a P/E ratio of 11.09. North European Oil Royality Trust has a 52 week low of $5.94 and a 52 week high of $8.20.
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North European Oil Royality Trust Company Profile
North European Oil Royalty Trust is a grantor trust. The Trust, on behalf of the owners, holds overriding royalty rights covering gas and oil production in certain concessions or leases in the Federal Republic of Germany. The rights are held under contracts with local German exploration and development subsidiaries of ExxonMobil Corp.
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