Cross Timbers Royalty Trust (NYSE:CRT) Announces Monthly Dividend of $0.03

Cross Timbers Royalty Trust (NYSE:CRT) announced a monthly dividend on Monday, May 18th. Investors of record on Friday, May 29th will be given a dividend of 0.0296 per share by the oil and gas company on Friday, June 12th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, May 29th.

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

Cross Timbers Royalty Trust Stock Performance

CRT opened at $10.60 on Tuesday. The firm has a 50 day moving average price of $10.40 and a 200 day moving average price of $9.10. The company has a market cap of $63.60 million, a PE ratio of 19.63 and a beta of -0.02. Cross Timbers Royalty Trust has a 1 year low of $7.07 and a 1 year high of $11.10.

Cross Timbers Royalty Trust (NYSE:CRT) last posted its earnings results on Thursday, May 14th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $0.77 million during the quarter. Cross Timbers Royalty Trust had a net margin of 71.40% and a return on equity of 145.81%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Cross Timbers Royalty Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Cross Timbers Royalty Trust currently has an average rating of “Hold”.

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.