Morse Asset Management Inc held its stake in shares of North European Oil Royality Trust (NYSE:NRT) during the second quarter, Holdings Channel reports. The firm owned 16,000 shares of the energy company’s stock at the end of the second quarter. Morse Asset Management Inc’s holdings in North European Oil Royality Trust were worth $108,000 at the end of the most recent quarter.

Shares of North European Oil Royality Trust (NYSE:NRT) opened at 6.60 on Thursday. The firm has a market capitalization of $60.65 million, a price-to-earnings ratio of 10.75 and a beta of 0.01. The stock’s 50 day moving average is $6.43 and its 200 day moving average is $7.05. North European Oil Royality Trust has a 12 month low of $5.94 and a 12 month high of $8.82.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Friday, August 18th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This is a positive change from North European Oil Royality Trust’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 12.12%. North European Oil Royality Trust’s dividend payout ratio is presently 126.67%.

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North European Oil Royality Trust Company Profile

North European Oil Royalty Trust is a grantor trust. The Trust, on behalf of the owners, holds overriding royalty rights covering gas and oil production in certain concessions or leases in the Federal Republic of Germany. The rights are held under contracts with local German exploration and development subsidiaries of ExxonMobil Corp.

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