DIVIDEND ANNOUNCEMENT: Ctf Ben Int/North European Oil Royalty Trust (NYSE:NRT) on 04/28/2023 declared a dividend of $1.0500 per share

Ctf Ben Int/North European Oil Royalty Trust (NYSE:NRT) on 04/28/2023 declared a dividend of $ 1.0500 per share payable on May 31, 2023 to shareholders of record as of May 19, 2023. Dividend amount recorded is an increase of $ 0.05 from last dividend Paid.

Ctf Ben Int/North European Oil Royalty Trust (NYSE:NRT) has paid dividends since 1990, has a current dividend yield of 23.6880455017% and has increased its dividends for 2 successive years.

Ctf Ben Int/North European Oil Royalty Trust's market cap is $ 126,100,520 and has a PE ratio of 5.18. The stock price closed yesterday at $ 13.72 and has a 52 week low/high of $ 10.03 and $ 20.72.

North European Oil Royalty Trust is a grantor trust which 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. and the Royal Dutch/Shell Group of Companies. Under these contracts, Co. receives various percentage royalties on the proceeds of the sales of certain products from the areas involved. The properties of Co., which Co. and trustees hold are overriding royalty rights on sales of gas, sulfur and oil under a concession in the Federal Republic of Germany, the Oldenburg concession.

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