Cross Timbers Royalty Trust (crt) Announces Dividend Increase – $0.09 Per Share

Cross Timbers Royalty Trust (NYSE:crt) announced a monthly dividend on Tuesday, March 21st. Shareholders of record on Friday, March 31st will be given a dividend of 0.089 per share by the oil and gas company on Thursday, April 13th. This represents a $1.07 annualized dividend and a yield of 6.79%. The ex-dividend date is Wednesday, March 29th. This is a positive change from Cross Timbers Royalty Trust’s previous monthly dividend of $0.06.

Cross Timbers Royalty Trust has decreased its dividend payment by an average of 23.9% annually over the last three years.

Cross Timbers Royalty Trust (NYSE:CRT) traded up 3.28% during midday trading on Thursday, reaching $15.74. 10,147 shares of the company’s stock traded hands. Cross Timbers Royalty Trust has a 1-year low of $14.10 and a 1-year high of $20.59. The company has a market capitalization of $94.44 million, a PE ratio of 14.84 and a beta of 0.69. The firm’s 50 day moving average price is $15.19 and its 200-day moving average price is $17.17.

Dividend History for Cross Timbers Royalty Trust (NYSE:crt)

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Cross Timbers Royalty Trust Company Profile

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.

5 Day Chart for NYSE:CRT

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