Enduro Royalty Announces Monthly Distribution

Statutory trust Enduro Royalty Trust  (NYSE: NDRO  )  announced today its June monthly distribution of $0.096825 per unit; it has paid a monthly dividend since November 2011. The distribution announced in April was $0.124518.

The board of directors said the monthly distribution is payable on June 14 to the holders of record at the close of business on May 31. The trust was formed by Enduro Resource Partners for the purpose of receiving 80% of the net profits from the sale of oil and natural gas production from certain properties in Texas, Louisiana, and New Mexico.

Enduro noted oil volumes for the current month calculation period were consistent with the prior month but volumes were lower as a result of fewer days of production during February 2013 as compared to January. 

The regular dividend payment would equate to a $1.1619-per-share annual dividend, which would yield 7% based on the closing price of Enduro Royalty Trust's stock on May 17.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2441409, ~/Articles/ArticleHandler.aspx, 7/24/2014 10:32:43 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

TREND TRACKER: Get Rich When the Web Goes Dark

It's time to say "goodbye" to your Internet! One bleeding-edge technology is about to put the World Wide Web to bed. And if you act right away, it could make you wildly rich. Experts are calling it the single largest business opportunity in the history of capitalism… The Economist is calling it "transformative"... but you'll probably just call it "how I made my millions." Big money is already on the move. Don't be too late to the party – find out the 1 stock to own when the Web goes dark.