Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) announced a monthly dividend on Tuesday, January 20th. Shareholders of record on Friday, January 30th will be given a dividend of 0.0329 per share by the oil and gas company on Friday, February 13th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Friday, January 30th.
Cross Timbers Royalty Trust has raised its dividend payment by an average of 0.0%per year over the last three years.
Cross Timbers Royalty Trust Price Performance
Shares of Cross Timbers Royalty Trust stock opened at $8.80 on Thursday. The stock has a market capitalization of $52.82 million, a P/E ratio of 11.74 and a beta of 0.13. The business has a 50 day simple moving average of $8.31 and a two-hundred day simple moving average of $8.34. Cross Timbers Royalty Trust has a 12 month low of $7.07 and a 12 month high of $13.31.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Cross Timbers Royalty Trust in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.
Get Our Latest Stock Report on CRT
Cross Timbers Royalty Trust Company Profile
Cross Timbers Royalty Trust (NYSE:CRT) is a Delaware statutory trust that holds royalty interests in a portfolio of onshore oil and natural gas properties. The trust was established in June 2005 through a contribution of assets by Chesapeake Energy Corporation. It earns revenue by collecting overriding royalty and net profit interests carved out of producing leases and then distributing those receipts to its unitholders on a quarterly basis.
The underlying assets of the trust consist primarily of oil, natural gas and natural gas liquids reserves located in several Texas counties, including Erath, Stephens, Comanche and Palo Pinto.
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