Cross Timbers Royalty Trust (NYSE:CRT) to Issue $0.06 Monthly Dividend

Cross Timbers Royalty Trust (NYSE:CRTGet Free Report) declared a monthly dividend on Monday, October 21st, Wall Street Journal reports. Stockholders of record on Thursday, October 31st will be given a dividend of 0.0646 per share by the oil and gas company on Friday, November 15th. This represents a $0.78 annualized dividend and a dividend yield of 7.34%. The ex-dividend date of this dividend is Thursday, October 31st.

Cross Timbers Royalty Trust has raised its dividend by an average of 35.2% annually over the last three years.

Cross Timbers Royalty Trust Stock Performance

CRT stock opened at $10.56 on Wednesday. Cross Timbers Royalty Trust has a one year low of $8.88 and a one year high of $20.50. The firm’s fifty day moving average is $10.19 and its 200 day moving average is $11.34. The firm has a market cap of $63.36 million, a PE ratio of 6.73 and a beta of 0.52.

Cross Timbers Royalty Trust (NYSE:CRTGet Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The oil and gas company reported $0.22 earnings per share for the quarter. The firm had revenue of $1.58 million during the quarter. Cross Timbers Royalty Trust had a return on equity of 291.46% and a net margin of 88.84%.

About Cross Timbers Royalty Trust

(Get Free Report)

Cross Timbers Royalty Trust operates as an express trust in the United States. It holds 90% net profits interests in certain producing and nonproducing royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico; and 75% net profits working interest in four properties in Texas and three properties in Oklahoma.

Further Reading

Dividend History for Cross Timbers Royalty Trust (NYSE:CRT)

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