North European Oil Royalty Trust (NYSE:NRT) Raises Dividend to $0.38 Per Share

North European Oil Royalty Trust (NYSE:NRT – Get Rating) declared a quarterly dividend on Friday, April 29th, Zacks reports. Stockholders of record on Friday, May 13th will be paid a dividend of 0.38 per share by the energy company on Wednesday, May 25th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.95%. The ex-dividend date of this dividend is Thursday, May 12th. This is an increase from North European Oil Royalty Trust’s previous quarterly dividend of $0.25.

North European Oil Royalty Trust has decreased its dividend by an average of 12.4% per year over the last three years and has increased its dividend every year for the last 1 years.

Shares of NRT stock opened at $16.98 on Tuesday. The company’s fifty day simple moving average is $16.69 and its 200-day simple moving average is $12.69. North European Oil Royalty Trust has a 52 week low of $5.75 and a 52 week high of $20.72. The company has a market cap of $156.05 million, a PE ratio of 24.97 and a beta of 0.72.

North European Oil Royalty Trust (NYSE:NRT – Get Rating) last issued its earnings results on Friday, February 11th. The energy company reported $0.25 EPS for the quarter. North European Oil Royalty Trust had a net margin of 90.55% and a return on equity of 4,708.07%. The business had revenue of $2.55 million for the quarter.

A hedge fund recently raised its stake in North European Oil Royalty Trust stock. Advisor Group Holdings Inc. increased its position in shares of North European Oil Royalty Trust (NYSE:NRT – Get Rating) by 30.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,646 shares of the energy company’s stock after buying an additional 843 shares during the period. Advisor Group Holdings Inc.’s holdings in North European Oil Royalty Trust were worth $59,000 at the end of the most recent reporting period.

About North European Oil Royalty Trust (Get Rating)

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 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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