North European Oil Royalty Trust (NYSE:NRT) Increases Dividend to $0.04 Per Share

North European Oil Royalty Trust (NYSE:NRT) declared a quarterly dividend on Friday, January 31st,RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from North European Oil Royalty Trust’s previous quarterly dividend of $0.02.

North European Oil Royalty Trust Price Performance

NRT opened at $4.93 on Wednesday. North European Oil Royalty Trust has a fifty-two week low of $3.88 and a fifty-two week high of $8.62. The firm has a market capitalization of $45.31 million, a P/E ratio of 9.48 and a beta of 0.76. The company’s 50-day moving average is $4.42 and its 200 day moving average is $4.90.

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

Analyst Ratings Changes

Separately, StockNews.com downgraded North European Oil Royalty Trust from a “buy” rating to a “hold” rating in a research note 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.