North European Oil Royalty Trust
NRTEnergy · Stock · quarterly payer
Forward Yield
11.07%
Annual Dividend
$1.01
Payout Ratio
98%
5-Yr Growth
20.4%
Ex-Date
Aug 17, 2026
Frequency
Quarterly
Summary
As of September 2026, North European Oil Royalty Trust (NRT) yields 11.07% ($1.01 per share annually), with a blended fair-value estimate of $22.64 — +151% upside, so it screens as undervalued. Dividend safety grade: C (53/100). 1 years of dividend growth.
Is NRT a good dividend stock?
MixedNorth European Oil Royalty Trust (NRT) pays a quarterly dividend yielding 11.07% ($1.01/yr), with 1 year of growth and a dividend-safety grade of C. 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 (98%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 11.07%
- Payout Ratio
- 98%
- Annual Dividend
- $1.01
- 5-Yr Avg Growth
- 20.4%
- Ex-Dividend Date
- Aug 17, 2026
- Years of Growth
- 1
- Frequency
- quarterly
- Beta
- -0.06
- Market Cap
- $83.5M
- P/E Ratio
- 9.0
- 5-Yr Total Return
- -16%
- 52-Week Range
- $4.90 – $10.49
- Dividend Safety
- C · 53/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
NRT Price — Last 12 Months
Daily close
Price Return
1 Year
+65%
3 Years
-26%
5 Years
-16%
52-Week Range
$4.90 – $10.49
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NRT worth?
Undervaluedlow confidenceOur blended fair-value estimate for North European Oil Royalty Trust is $22.64 per share, versus a market price of $9.02. That implies 151% of upside — a margin of safety of about 60%.
Fair Value
$22.64
Current Price
$9.02
Upside
+151%
Margin of Safety
60%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 14.9% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), 14.9% stage-1 growth, 2.5% terminal growth, $1.01 EPS, $1.01 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NRT Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 17, 2026 | — | $0.2600 | regular |
| May 13, 2026 | — | $0.2200 | regular |
| Feb 13, 2026 | — | $0.2200 | regular |
| Nov 14, 2025 | — | $0.3100 | regular |
| Aug 15, 2025 | — | $0.2600 | regular |
| May 16, 2025 | — | $0.2000 | regular |
| Feb 14, 2025 | — | $0.0400 | regular |
| Nov 15, 2024 | — | $0.0200 | regular |
| Aug 16, 2024 | — | $0.2100 | regular |
| May 16, 2024 | — | $0.2000 | regular |
| Feb 15, 2024 | — | $0.0500 | regular |
| Aug 17, 2023 | — | $0.2100 | regular |
| May 18, 2023 | — | $1.0500 | regular |
| Feb 16, 2023 | — | $1.0000 | regular |
Income Calculator
At $1.01 / yr per share
