Enduro Royalty Trust (NDRO) to Issue Monthly Dividend of $0.00 on October 16th
Enduro Royalty Trust (NYSE:NDRO) announced a monthly dividend on Tuesday, September 19th, NASDAQ reports. Shareholders of record on Friday, September 29th will be paid a dividend of 0.004 per share by the oil and gas producer on Monday, October 16th. This represents a $0.05 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, September 28th.
Enduro Royalty Trust has decreased its dividend by an average of 44.6% annually over the last three years. Enduro Royalty Trust has a payout ratio of 40.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Enduro Royalty Trust to earn $0.15 per share next year, which means the company should continue to be able to cover its $0.11 annual dividend with an expected future payout ratio of 73.3%.
Shares of Enduro Royalty Trust (NYSE NDRO) remained flat at $3.65 during midday trading on Friday. 54,749 shares of the company’s stock were exchanged. The company’s 50 day moving average is $3.49 and its 200-day moving average is $3.40. Enduro Royalty Trust has a 12-month low of $3.05 and a 12-month high of $4.55. The firm has a market cap of $120.45 million, a PE ratio of 11.34 and a beta of 0.34.
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A number of research analysts have recently commented on NDRO shares. Stifel Nicolaus dropped their price target on Enduro Royalty Trust from $4.00 to $3.75 and set a “buy” rating on the stock in a research report on Thursday, July 13th. Zacks Investment Research raised Enduro Royalty Trust from a “sell” rating to a “hold” rating in a research report on Friday, May 26th.
About Enduro Royalty Trust
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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