North European Oil Royalty Trust (NRT) declares a dividend of $1.00

North European Oil Royalty Trust said on January 31, 2023 that its board of directors declared a regular quarterly dividend of $1.00 per share ($4.00 annualized). Shareholders of record as of February 16, 2023 will receive payment on February 28, 2023. Previously, the company paid $0.46 per share.

At the current share price of $13.61/share, the stock’s dividend yield is 29.39%. Looking back five years and taking a sample each week, the average dividend yield was 10.45%, the low 2.38% and the high 34.89%. The standard deviation of returns is 7.08 (n=236).

The current dividend yield is 2.68 standard deviations above the historical average.

Additionally, the company’s dividend payout ratio is 0.98. The payout ratio tells us how much of a company’s income is paid out as dividends. A payout ratio of one (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above one means the company is dipping into its savings to maintain its dividend, which is not a healthy situation. Companies with little growth prospects should pay most of their income in the form of dividends, which generally means a payout ratio between 0.5 and 1.0. Companies with good growth prospects should retain part of their profits in order to invest in these growth prospects, which translates into a payout ratio of zero to 0.5.

The company’s 3-year dividend growth rate is 1.23%, demonstrating that it has increased its dividend over time.

Fund Sentiment

There are 29 funds or institutions reporting positions in North European Oil Royalty Trust. This is a decrease of 1 owner(s) or 3.33%.

Average portfolio weight of all funds US dedicated: NRT is 0.0297%, an increase of 13.5597%. The total number of shares held by institutions has decreased over the past three months by 13.19% to 417,000 shares.

What are the big shareholders doing?

Washington Trust Advisors owns 53,432 shares representing 0.58% ownership of the company. No change in the last quarter.

Fruth Investment Management holds 34,700 shares representing 0.38% ownership of the company. In its previous filing, the company said it held 34,800 shares, representing
a decrease
by 0.29%. The company

decreases

its NRT portfolio allocation of 22.77% over the last quarter.

Neville Rodie & Shaw holds 27,999 shares representing 0.30% ownership of the company. No change in the last quarter.

Navellier & Associates holds 23,878 shares representing 0.26% ownership of the company. In its previous filing, the company said it held 21,872 shares, representing
a raise
of 8.40%. The company

decreases

its NRT portfolio allocation of 12.13% over the last quarter.

Peapack Gladstone Financial holds 19,815 shares representing 0.22% ownership of the company. In its previous filing, the company said it held 16,504 shares, representing
a raise
of 16.71%. The company

decreases

its portfolio allocation in NRT of 3.99% over the last quarter.

General information about the North European Oil Royalty Trust
(This description is provided by the company.)

North European Oil Royalty Trust (the “Trust”) was formed in 1975 as a successor to North European Oil Corporation and North European Oil Company. The Trust is administered by five trustees, one of whom is designated the Managing Trustee, and the Managing Director. The purpose of the Trust is to collect, hold and verify the royalties paid to the Trust by the operating companies, the German subsidiaries of Exxon Mobil Corporation and the Royal Dutch/Shell Group of Companies.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.