Cross Timbers Royalty Trust (NYSE:CRT) Plans Dividend of $0.04

Cross Timbers Royalty Trust (NYSE:CRT) declared a dividend on Sunday, June 22nd, investing.com reports. Stockholders of record on Tuesday, July 1st will be given a dividend of 0.0358 per share by the oil and gas company on Tuesday, July 15th. This represents a dividend yield of 4.39%. The ex-dividend date is Monday, June 30th. This is a 11.6% increase from Cross Timbers Royalty Trust’s previous dividend of $0.03.

Cross Timbers Royalty Trust Price Performance

CRT stock opened at $9.80 on Monday. Cross Timbers Royalty Trust has a 52-week low of $8.88 and a 52-week high of $13.31. The company has a 50-day moving average of $10.13 and a two-hundred day moving average of $10.42. The stock has a market capitalization of $58.80 million, a price-to-earnings ratio of 9.90 and a beta of 0.12.

Cross Timbers Royalty Trust (NYSE:CRT) last issued its earnings results on Wednesday, May 14th. The oil and gas company reported $0.30 EPS for the quarter. Cross Timbers Royalty Trust had a net margin of 87.50% and a return on equity of 243.41%.

About Cross Timbers Royalty Trust

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 working interest in four properties in Texas and three properties in Oklahoma.