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

Cross Timbers Royalty Trust (NYSE:CRT) announced a monthly dividend on Friday, September 18th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.0643 per share by the oil and gas company on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Wednesday, September 30th.

Cross Timbers Royalty Trust has decreased its dividend by an average of 0.0%annually over the last three years.

Cross Timbers Royalty Trust Stock Performance

Cross Timbers Royalty Trust stock opened at $12.75 on Friday. The company has a market cap of $76.48 million, a P/E ratio of 24.05 and a beta of -0.04. Cross Timbers Royalty Trust has a one year low of $7.07 and a one year high of $13.15. The business has a fifty day moving average of $10.54 and a two-hundred day moving average of $10.27.

Cross Timbers Royalty Trust (NYSE:CRT) last issued its earnings results on Thursday, August 13th. The oil and gas company reported $0.14 earnings per share for the quarter. Cross Timbers Royalty Trust had a net margin of 74.04% and a return on equity of 147.68%.

Cross Timbers Royalty Trust Company Profile

Cross Timbers Royalty Trust (NYSE: CRT) is a grantor trust that owns royalty and net profits interests in oil and natural gas properties. The trust does not operate producing wells itself; instead, it receives distributions based on production and proceeds from the underlying properties after applicable expenses and deductions.

The trust’s interests are associated primarily with oil and natural gas properties in Texas and Oklahoma, with historical interests also connected to properties in New Mexico.