North European Oil Royalty Trust (NYSE:NRT – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.26 and traded as low as $5.79. North European Oil Royalty Trust shares last traded at $5.86, with a volume of 40,113 shares trading hands.
North European Oil Royalty Trust Stock Up 2.4 %
The business’s 50 day moving average is $6.24 and its 200-day moving average is $6.27. The firm has a market capitalization of $55.32 million, a P/E ratio of 4.60 and a beta of 0.83.
North European Oil Royalty Trust Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 13.95%. The ex-dividend date of this dividend is Friday, August 16th. This is a boost from North European Oil Royalty Trust’s previous quarterly dividend of $0.16. North European Oil Royalty Trust’s payout ratio is presently 64.12%.
Institutional Trading of North European Oil Royalty Trust
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.
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