Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) announced a monthly dividend on Tuesday, October 20th. Shareholders of record on Friday, October 30th will be given a dividend of $0.2779 per share by the oil and gas company on Monday, November 16th. This represents a $3.33 dividend on an annualized basis and a yield of 23.7%. The ex-dividend date is Friday, October 30th. This is a 332.4% increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.0643.
Cross Timbers Royalty Trust Stock Performance
Shares of NYSE:CRT opened at $14.10 on Wednesday. The firm has a 50 day simple moving average of $11.90 and a 200-day simple moving average of $10.28. Cross Timbers Royalty Trust has a twelve month low of $7.34 and a twelve month high of $14.63.
Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The oil and gas company reported $0.14 EPS for the quarter.
About Cross Timbers Royalty Trust
Cross Timbers Royalty Trust (NYSE:CRT) is a grantor trust that owns interests in oil and natural gas properties. The trust does not operate wells or provide energy services directly; instead, it receives income from its underlying royalty and net profits interests in producing properties.
The trust’s interests were established from properties formerly associated with Cross Timbers Oil Company and are located primarily in Texas, Oklahoma and New Mexico. Revenue distributions to unitholders depend on production volumes, commodity prices, operating costs and other factors affecting the properties.
Cross Timbers Royalty Trust is a passive investment vehicle rather than an operating company.
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