Dividend Worth Mentioning: Nov 30, 2016 is the day North European Oil Royality Trust (NYSE:NRT) promises dividends of $0.12. Here’s what they have to say.

Dividend Worth Mentioning: Nov 30, 2016 is the day North European Oil Royality Trust (NYSE:NRT) promises dividends of $0.12. Here's what they have to say.

North European Oil Royality Trust (NYSE:NRT) is expected to pay $0.12 on Nov 30, 2016. The indicated annual dividend is $0.48. Shareholders owning the stock before Nov 16, 2016 will be eligible to receive the payout. Based on North European Oil Royality Trust’s current price of $7.05, the dividend is 1.70%. This dividend’s record date is Nov 18, 2016 and the announcement date is Oct 31, 2016. The stock decreased 4.50% or $0.33 on November 14, hitting $7.05. North European Oil Corp (NYSE:NRT) has declined 9.27% since April 13, 2016 and is downtrending. It has underperformed by 13.19% the S&P500.

North European Oil Royalty Trust is a grantor trust, which on behalf of the owners of beneficial interest in the Trust, holds overriding royalty rights covering gas and oil production in certain concessions or leases in the Federal Republic of Germany. The company has a market cap of $64.21 million. The Trust’s rights are held under contracts with local German exploration and development subsidiaries of ExxonMobil Corp. (ExxonMobil) and the Royal Dutch/Shell Group of Companies (Royal Dutch/Shell Group). It has a 9.05 P/E ratio. Under these contracts, the Trust receives various percentage royalties on the proceeds of the sales of certain products from the areas involved.

Insitutional Activity: The institutional sentiment increased to 0.8 in Q2 2016. Its up 0.18, from 0.62 in 2016Q1. The ratio is positive, as 5 funds sold all North European Oil Corp shares owned while 5 reduced positions. 2 funds bought stakes while 6 increased positions. They now own 849,830 shares or 1.30% more from 838,892 shares in 2016Q1.
Lucas Capital Management holds 0.16% of its portfolio in North European Oil Corp (NYSE:NRT) for 23,433 shares. California Public Employees Retirement System reported 29,100 shares or 0% of all its holdings. Moreover, Barclays Public Limited has 0% invested in North European Oil Corp (NYSE:NRT) for 1,673 shares. Royal Bank & Trust Of Canada last reported 0% of its portfolio in the stock. Guardian Trust has 14,000 shares for 0% of their US portfolio. Deutsche Financial Bank Ag reported 24,900 shares or 0% of all its holdings. Wells Fargo Mn accumulated 5,192 shares or 0% of the stock. Neville Rodie & Shaw holds 31,699 shares or 0.04% of its portfolio. Financial Bank Of America Corporation De last reported 34,880 shares in the company. Pnc Financial Ser Gp last reported 0% of its portfolio in the stock. Sunbelt Securities Incorporated holds 10,000 shares or 0% of its portfolio. Ladenburg Thalmann Financial accumulated 0% or 504 shares. Carroll Assocs Inc owns 65 shares or 0% of their US portfolio. Community Comml Bank Na holds 0% or 400 shares in its portfolio. Cg Asset Management Limited Liability Corporation last reported 10,150 shares in the company.

More notable recent North European Oil Corp (NYSE:NRT) news were published by: Investorplace.com which released: “11 Oil Gas & Consumable Fuels Stocks to Buy Now” on July 29, 2016, also Wsj.com with their article: “Iran Follows Saudi Oil-Price Cut in Europe” published on January 19, 2016, Wsj.com published: “US Refiners Feel the Squeeze as Crude Oil Discount Disappears” on November 15, 2016. More interesting news about North European Oil Corp (NYSE:NRT) were released by: Wsj.com and their article: “Saudi Arabia Cuts European Oil Prices as Middle East Tensions Grow” published on January 05, 2016 as well as Investorplace.com‘s news article titled: “28 Oil Gas & Consumable Fuels Stocks to Sell Now” with publication date: September 02, 2016.

NRT Company Profile

North European Oil Royalty Trust (the Trust), incorporated on May 6, 1957, is a grantor trust, which on behalf of the owners of beneficial interest in the Trust, holds overriding royalty rights covering gas and oil production in certain concessions or leases in the Federal Republic of Germany. The Trust’s rights are held under contracts with local German exploration and development subsidiaries of ExxonMobil Corp. (ExxonMobil) and the Royal Dutch/Shell Group of Companies (Royal Dutch/Shell Group). Under these contracts, the Trust receives various percentage royalties on the proceeds of the sales of certain products from the areas involved. The royalties are received for sales of gas well gas, oil well gas, crude oil, distillate and sulfur. Neither the Trust nor the Trustees on behalf of the Trust conduct any active business activities or operations. The function of the Trustees is to monitor, verify, collect, hold, invest and distribute the royalty payments made to the Trust. Under the Trust Agreement, the Trustees make quarterly distributions of the net funds received by the Trust on behalf of the unit owners.

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