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

North European Oil Royalty Trust (NYSE:NRT) declared a quarterly dividend on Friday, January 31st,RTT News reports. Stockholders of record on Friday, February 14th will be paid 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 3.55%. This is an increase from North European Oil Royalty Trust’s previous quarterly dividend of $0.02.

North European Oil Royalty Trust Stock Performance

North European Oil Royalty Trust stock opened at $4.51 on Friday. The company’s fifty day moving average price is $4.32 and its 200 day moving average price is $4.98. The stock has a market capitalization of $41.45 million, a P/E ratio of 8.67 and a beta of 0.76. North European Oil Royalty Trust has a 1 year low of $3.88 and a 1 year high of $8.62.

North European Oil Royalty Trust (NYSE:NRT) last announced its earnings results on Tuesday, December 31st. The energy company reported $0.06 earnings per share (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 Upgrades and Downgrades

Separately, StockNews.com raised North European Oil Royalty Trust from a “hold” rating to a “buy” rating in a report on Wednesday, January 1st.

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.