Cross Timbers Royalty Trust (CRT) to Issue Monthly Dividend of $0.13 on October 15th
Cross Timbers Royalty Trust (NYSE:CRT) announced a monthly dividend on Tuesday, September 18th, NASDAQ reports. Stockholders of record on Friday, September 28th will be paid a dividend of 0.125 per share by the oil and gas company on Monday, October 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 10.03%. The ex-dividend date is Thursday, September 27th. This is an increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.11.
Cross Timbers Royalty Trust has decreased its dividend by an average of 27.1% per year over the last three years.
NYSE CRT traded up $0.02 on Wednesday, reaching $14.95. 100 shares of the company were exchanged, compared to its average volume of 15,957. The firm has a market capitalization of $89.16 million, a P/E ratio of 12.18 and a beta of 0.57. Cross Timbers Royalty Trust has a fifty-two week low of $11.46 and a fifty-two week high of $15.97.
Separately, TheStreet raised Cross Timbers Royalty Trust from a “c+” rating to a “b-” rating in a research note on Friday, July 20th.
Cross Timbers Royalty Trust Company Profile
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 interests in certain working interest properties in Texas and Oklahoma.
See Also: Outstanding Shares
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