Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) declared a monthly dividend on Monday, October 21st, Wall Street Journal reports. Stockholders of record on Thursday, October 31st will be paid a dividend of 0.0646 per share by the oil and gas company on Friday, November 15th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date is Thursday, October 31st.
Cross Timbers Royalty Trust has raised its dividend payment by an average of 35.2% annually over the last three years.
Cross Timbers Royalty Trust Price Performance
Shares of Cross Timbers Royalty Trust stock opened at $11.19 on Wednesday. The firm’s fifty day simple moving average is $10.17 and its 200-day simple moving average is $11.43. The stock has a market capitalization of $67.14 million, a price-to-earnings ratio of 7.13 and a beta of 0.52. Cross Timbers Royalty Trust has a 12 month low of $8.88 and a 12 month high of $20.50.
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.
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