North European Oil Royality Trust Declares Quarterly Dividend of $0.22 (NYSE:NRT)

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North European Oil Royalty Trust (NYSE:NRT) has declared a quarterly dividend of $0.22 per share, payable on February 25th to shareholders of record on February 13th, resulting in an annualized dividend yield of 9.6%. The company’s stock recently traded at $9.14, with a market capitalization of $83.95 million and a P/E ratio of 11.14. Analyst sentiment is mixed, with MarketBeat showing a consensus “Hold” rating, though Wall Street Zen recently upgraded the stock to “Strong-Buy.”

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