North European Oil Royalty Trust (NRT) To Go Ex-Dividend on February 14th

North European Oil Royalty Trust (NYSE:NRT) announced a quarterly dividend on Friday, January 31st,RTT News reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.04 per share by the energy company on Wednesday, February 26th. This represents a $0.16 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from North European Oil Royalty Trust’s previous quarterly dividend of $0.02.

North European Oil Royalty Trust Trading Down 0.8 %

NYSE:NRT opened at $4.93 on Wednesday. North European Oil Royalty Trust has a 12 month low of $3.88 and a 12 month high of $8.62. The stock has a market capitalization of $45.31 million, a price-to-earnings ratio of 9.48 and a beta of 0.76. The firm has a fifty day simple moving average of $4.42 and a two-hundred day simple moving average of $4.90.

North European Oil Royalty Trust (NYSE:NRT) last issued its earnings results on Tuesday, December 31st. The energy company reported $0.06 EPS for the quarter. North European Oil Royalty Trust had a return on equity of 537.09% and a net margin of 87.43%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded North European Oil Royalty Trust from a “buy” rating to a “hold” rating in a report on Thursday, February 6th.

About North European Oil Royalty Trust

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.