Cross Timbers Royalty Trust Declares Monthly Dividend of $0.05 (NYSE:CRT)

Cross Timbers Royalty Trust (NYSE:CRT) announced a monthly dividend on Wednesday, February 19th,Wall Street Journal reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.0456 per share by the oil and gas company on Friday, March 14th. This represents a $0.55 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date is Friday, February 28th.

Cross Timbers Royalty Trust has decreased its dividend payment by an average of 8.0% annually over the last three years.

Cross Timbers Royalty Trust Stock Up 3.6 %

NYSE:CRT traded up $0.39 on Wednesday, reaching $11.20. 42,040 shares of the company’s stock traded hands, compared to its average volume of 29,516. The stock has a 50-day simple moving average of $10.25 and a 200-day simple moving average of $10.24. The firm has a market cap of $67.22 million, a PE ratio of 10.00 and a beta of 0.56. Cross Timbers Royalty Trust has a 12 month low of $8.88 and a 12 month high of $17.72.

About Cross Timbers Royalty Trust

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.