North European Oil Royalty Trust (NYSE:NRT) posted its earnings results on Wednesday. The energy company reported $0.19 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. North European Oil Royalty Trust had a return on equity of 8,190.86% and a net margin of 90.24%. The firm had revenue of $1.90 million during the quarter.
NYSE:NRT traded down $0.32 on Thursday, reaching $7.85. The company’s stock had a trading volume of 100 shares, compared to its average volume of 25,146. North European Oil Royalty Trust has a 1-year low of $6.10 and a 1-year high of $9.40. The stock has a market cap of $73.53 million, a price-to-earnings ratio of 10.26 and a beta of 0.03.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 29th. Shareholders of record on Friday, August 17th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, August 16th. This represents a $0.76 dividend on an annualized basis and a yield of 9.68%.
North European Oil Royalty Trust, a grantor trust, holds overriding royalty rights covering gas and oil production in concessions or leases in the Federal Republic of Germany. It holds rights under contracts with German exploration and development subsidiaries of ExxonMobil Corp. and the Royal Dutch/Shell Group of Companies.
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