SmarterDividends
NRT

North European Oil Royalty Trust

NRT

Energy · Oil & Gas E&P · Stock · quarterly payer

$8.61

Undervalued · +222% Add to Portfolio

Forward Yield

11.73%

Annual Dividend

$1.01

Payout Ratio

99%

5-Yr Growth

20.4%

Ex-Date

Aug 17, 2026

Frequency

Quarterly

Key facts about NRT's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, North European Oil Royalty Trust (NRT) has a forward dividend yield of 11.73%, based on an annual dividend of $1.01 per share and a share price of $8.61.
  • As of Oct 27, 2026, NRT's dividend safety grade from SmarterDividends is D (48 out of 100), which rates the dividend as unsafe.
  • NRT last cut its regular dividend in 2024.
  • NRT's most recent ex-dividend date was Aug 17, 2026, for a dividend of $0.26 per share.
  • As of Oct 27, 2026, NRT pays out 99% of its trailing 12-month earnings as dividends (its payout ratio).
  • NRT's dividend has grown at an average rate of 20.4% a year over the past five years.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for NRT is $27.68 per share, 222% above the $8.61 share price, so NRT screens as undervalued.
  • North European Oil Royalty Trust (NRT) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "NRT Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/NRT

Summary

As of Oct 27, 2026, North European Oil Royalty Trust (NRT) yields 11.73% ($1.01 a year per share) and has a dividend safety grade of D (48/100).

Is NRT a good dividend stock?

Mixed

North European Oil Royalty Trust (NRT) pays a quarterly dividend yielding 11.73% ($1.01/yr), with 1 year of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • Strong 20.4% 5-yr dividend growth

Risks

  • Cut its dividend in 2024
  • Elevated payout ratio (99%)
  • Very high yield can signal elevated risk
  • Share price is down over the past 5 years
  • Below-average dividend safety score

Key Data

Dividend Yield
11.73%
Payout Ratio
99%
Annual Dividend
$1.01
5-Yr Avg Growth
20.4%
Ex-Dividend Date
Aug 17, 2026
Years of Growth
1
Frequency
quarterly
Beta
0.18
Market Cap
$79.1M
P/E Ratio
8.6
5-Yr Total Return
-3%
52-Week Range
$5.42 – $10.49
Dividend Safety
D · 48/100
Ever Cut?
Yes (2024)

NRT dividend changes

North European Oil Royalty Trust (NRT) pays a variable dividend: across the 158 payments on record since 1987, 72 were higher than the one before and 47 lower. The latest change was up 18.2% to $0.260 per share, going ex-dividend on Aug 17, 2026.

Ex-dateChangeOld → newMove
Aug 17, 2026Higher$0.220 → $0.260+18.2%
Feb 13, 2026Lower$0.260 → $0.220−15.4%
Aug 15, 2025Higher$0.200 → $0.260+30.0%
May 16, 2025Higher$0.0400 → $0.200+400.0%
Feb 14, 2025Higher$0.0200 → $0.0400+100.0%
Nov 15, 2024Lower$0.210 → $0.0200−90.5%
Aug 16, 2024Higher$0.200 → $0.210+5.0%
May 16, 2024Higher$0.0500 → $0.200+300.0%
Feb 15, 2024Lower$0.210 → $0.0500−76.2%
Aug 17, 2023Lower$1.00 → $0.210−79.0%
Feb 16, 2023Higher$0.740 → $1.00+35.1%
Nov 17, 2022Higher$0.460 → $0.740+60.9%
Every NRT payment →Download every raise and cut (CSV)
NRT ex-dividend date & scheduleNext ex-date Aug 17, 2026 · full ex-dividend historyView →NRT dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is NRT a good dividend stock?

Mixed. North European Oil Royalty Trust (NRT) pays a quarterly dividend yielding 11.73% ($1.01/yr), with 1 year of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is NRT undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NRT's fair value is about $27.68 versus a $8.61 share price — so it looks undervalued (+222% vs. fair value).

Is NRT's dividend safe?

NRT has a dividend-safety grade of D (48/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a dividend cut in 2024, debt and yield-versus-history.

What is NRT's fair value?

Our blended fair-value estimate for NRT is about $27.68 per share, roughly 222% above the current $8.61 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is NRT a buy, hold, or sell?

We don't issue formal ratings, but on the data NRT screens as "mixed" and undervalued. North European Oil Royalty Trust (NRT) pays a quarterly dividend yielding 11.73% ($1.01/yr), with 1 year of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will NRT cut its dividend?

NRT earns a dividend-safety grade of D (48/100), and has cut its dividend before (last in 2024). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does NRT pay a dividend?

Yes. North European Oil Royalty Trust pays a quarterly dividend of about $1.01 per share annually, a forward yield of roughly 11.73%.

What is NRT's dividend yield?

As of Oct 27, 2026, NRT's forward dividend yield is 11.73%, based on a $1.01 annual dividend and a $8.61 share price.

What is NRT's dividend per share?

As of Oct 27, 2026, NRT pays $1.01 per share per year, distributed on a quarterly basis.

What is NRT's dividend payout ratio?

As of Oct 27, 2026, NRT's payout ratio is 99% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has NRT grown its dividend?

As of Oct 27, 2026, NRT has increased its dividend for 1 consecutive years.

When is the next NRT ex-dividend date?

As of Oct 27, 2026, NRT's next ex-dividend date hasn't been announced. The most recent was Aug 17, 2026, for $0.26 per share.

Income Calculator

At $1.01 / yr per share

Per payment (quarterly)$25.25
Annual$101.00
Monthly avg$8.42

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