Cross Timbers Royalty Trust Plans Monthly Dividend of $0.09 (CRT)
Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Friday, November 17th, NASDAQ reports. Shareholders of record on Thursday, November 30th will be given a dividend of 0.093 per share by the oil and gas company on Thursday, December 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.26%. The ex-dividend date is Wednesday, November 29th.
Cross Timbers Royalty Trust has decreased its dividend by an average of 23.9% annually over the last three years.
Cross Timbers Royalty Trust (NYSE CRT) traded up $0.28 during midday trading on Friday, hitting $15.37. The company’s stock had a trading volume of 15,300 shares, compared to its average volume of 14,140. The stock has a market cap of $92.22, a price-to-earnings ratio of 14.64 and a beta of 0.61. Cross Timbers Royalty Trust has a twelve month low of $14.10 and a twelve month high of $19.80.
Separately, Desjardins restated a “hold” rating on shares of Cross Timbers Royalty Trust in a research note on Thursday, August 3rd.
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About Cross Timbers Royalty Trust
Cross Timbers Royalty Trust is an express trust. The net profits interests are the principal asset of the Trust. The net profits interests consist of approximately 90% net profits interests, which are carved from producing royalty and overriding royalty interest properties in Texas, Oklahoma and New Mexico, and 11.11% nonparticipating royalty interests in non-producing properties located primarily in Texas and Oklahoma.
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