North European Oil Royalty Trust declares $0.14 quarterly distribution, up 600% YoY

NORTH EUROPEAN OIL ROYALTY TRUST

Q4 fiscal 2021 distribution of $0.14/unit payable Nov 24, 2021 to holders of record Nov 12, 2021.
Distribution 600% higher than $0.02/unit in Q4 fiscal 2020.
Cumulative 12-month distribution $0.47/unit, up 46.88% from $0.32 in fiscal 2020.
Higher natural gas sales (+25-26%) and gas prices (+111%) drove royalty income increase.
Negative year-end adjustments of -$157,538 from calendar 2020 were more than offset.

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