Cross Timbers Royalty Trust (NYSE:CRT) Announces Dividend of $0.06

Cross Timbers Royalty Trust (NYSE:CRT) declared a dividend on Friday, December 20th,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.0623 per share by the oil and gas company on Wednesday, January 15th. The ex-dividend date is Tuesday, December 31st.

Cross Timbers Royalty Trust has increased its dividend by an average of 35.2% annually over the last three years.

Cross Timbers Royalty Trust Price Performance

Shares of NYSE:CRT traded up $0.26 on Friday, reaching $9.61. The company’s stock had a trading volume of 42,543 shares, compared to its average volume of 33,861. Cross Timbers Royalty Trust has a 52-week low of $8.88 and a 52-week high of $18.72. The stock has a market capitalization of $57.66 million, a P/E ratio of 8.58 and a beta of 0.55. The stock’s 50-day moving average is $10.40 and its two-hundred day moving average is $10.43.

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.