Somewhat Positive News Coverage Somewhat Unlikely to Impact Cross Timbers Royalty Trust (CRT) Stock Price
News headlines about Cross Timbers Royalty Trust (NYSE:CRT) have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cross Timbers Royalty Trust earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 45.7765456464787 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Cross Timbers Royalty Trust (NYSE CRT) traded up 1.1760% on Friday, reaching $14.5997. 17,548 shares of the company’s stock were exchanged. The firm has a market cap of $87.60 million, a PE ratio of 14.3275 and a beta of 0.60. The firm’s 50-day moving average is $14.90 and its 200-day moving average is $15.34. Cross Timbers Royalty Trust has a 12 month low of $14.10 and a 12 month high of $19.87.
The company also recently declared a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a $0.0928 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $1.11 dividend on an annualized basis and a yield of 7.72%. This is a boost from Cross Timbers Royalty Trust’s previous monthly dividend of $0.08. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is currently 108.82%.
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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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