North European Oil Royalty Trust (NYSE:NRT – Get Free Report)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.33 and traded as low as $5.31. North European Oil Royalty Trust shares last traded at $5.55, with a volume of 57,982 shares trading hands.
North European Oil Royalty Trust Stock Performance
The stock has a 50 day moving average price of $6.13 and a 200 day moving average price of $6.33. The company has a market capitalization of $51.00 million, a P/E ratio of 4.24 and a beta of 0.83.
North European Oil Royalty Trust Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Friday, August 16th will be given a $0.21 dividend. This is a positive change from North European Oil Royalty Trust’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.84 annualized dividend and a yield of 15.14%. North European Oil Royalty Trust’s payout ratio is currently 64.12%.
Institutional Investors Weigh In On 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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