North European Oil Royalty Trust (NYSE:NRT) Plans Dividend Increase – $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 given 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 a boost from North European Oil Royalty Trust’s previous quarterly dividend of $0.02.

North European Oil Royalty Trust Stock Down 0.7 %

Shares of NRT stock traded down $0.03 during trading hours on Friday, hitting $4.51. 31,018 shares of the company’s stock traded hands, compared to its average volume of 61,936. North European Oil Royalty Trust has a 12-month low of $3.88 and a 12-month high of $8.62. The stock has a market cap of $41.45 million, a price-to-earnings ratio of 8.67 and a beta of 0.76. The stock’s fifty day simple moving average is $4.31 and its two-hundred day simple moving average is $5.00.

North European Oil Royalty Trust (NYSE:NRT) last announced its quarterly earnings data on Tuesday, December 31st. The energy company reported $0.06 earnings per share 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 upgraded shares of 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.