Enduro Royalty Trust (NYSE:NDRO) declared a monthly dividend on Tuesday, September 19th, NASDAQ reports. Shareholders of record on Friday, September 29th will be given a dividend of 0.004 per share by the oil and gas producer on Monday, October 16th. This represents a $0.05 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Thursday, September 28th.
Enduro Royalty Trust has decreased its dividend payment by an average of 44.6% per year over the last three years. Enduro Royalty Trust has a payout ratio of 40.7% meaning its dividend is sufficiently covered by earnings. Research 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%.
Enduro Royalty Trust (NDRO) traded up 1.39% on Wednesday, reaching $3.65. 67,909 shares of the company’s stock were exchanged. Enduro Royalty Trust has a 12 month low of $3.05 and a 12 month high of $4.55. The firm has a market capitalization of $120.45 million, a price-to-earnings ratio of 11.34 and a beta of 0.34. The firm has a 50-day moving average of $3.49 and a 200-day moving average of $3.40.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Enduro Royalty Trust from a “sell” rating to a “hold” rating in a research report on Friday, May 26th. Stifel Nicolaus reiterated a “buy” rating on shares of Enduro Royalty Trust in a research report on Friday, September 1st.
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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