Enduro Royalty Trust (ndro) to Issue Monthly Dividend of $0.04 on October 17th
Enduro Royalty Trust (NYSE:ndro) declared a monthly dividend on Tuesday, September 20th. Stockholders of record on Friday, September 30th will be paid a dividend of 0.037 per share on Monday, October 17th. This represents a $0.44 annualized dividend and a dividend yield of 12.76%. The ex-dividend date of this dividend is Wednesday, September 28th. This is a boost from Enduro Royalty Trust’s previous monthly dividend of $0.03.
Separately, Zacks Investment Research upgraded Enduro Royalty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, June 29th.
Enduro Royalty Trust (NYSE:NDRO) opened at 3.48 on Friday. The stock has a market cap of $114.84 million, a PE ratio of 9.89 and a beta of 0.68. Enduro Royalty Trust has a 52 week low of $1.77 and a 52 week high of $4.06. The stock has a 50 day moving average price of $3.42 and a 200 day moving average price of $3.45.
A hedge fund recently raised its stake in Enduro Royalty Trust stock. JPMorgan Chase & Co. raised its stake in shares of Enduro Royalty Trust (NYSE:NDRO) by 8,771.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,219 shares of the company’s stock after buying an additional 45,698 shares during the period. JPMorgan Chase & Co. owned approximately 0.14% of Enduro Royalty Trust worth $171,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 57.68% of the company’s stock.
Enduro Royalty Trust Company Profile
Enduro Royalty Trust (the Trust) is a statutory trust formed by Enduro Resource Partners LLC (Enduro), as trustor, The Bank of New York Mellon Trust Company, N.A. (the Trustee), as trustee, and Wilmington Trust Company (the Delaware Trustee), as Delaware Trustee. The Trust was created to acquire and hold for the benefit of the Trust unitholders a net profits interest representing the right to receive approximately 80% of the net profits from the sale of oil and natural gas production from certain properties in the states of Texas, Louisiana and New Mexico held by Enduro as of the date of the conveyance of the net profits interest to the Trust (the Net Profits Interest).
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