Cross Timbers Royalty Trust (NYSE:CRT) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Shares of Cross Timbers Royalty Trust (NYSE:CRT) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $10.13 and traded as low as $10.00. Cross Timbers Royalty Trust shares last traded at $10.17, with a volume of 22,744 shares traded.

Cross Timbers Royalty Trust Stock Performance

The business’s 50 day moving average price is $10.13 and its two-hundred day moving average price is $10.16. The company has a market capitalization of $61.02 million, a price-to-earnings ratio of 9.08 and a beta of 0.56.

Cross Timbers Royalty Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.0623 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.75 dividend on an annualized basis and a yield of 7.35%. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is 66.07%.

Cross Timbers Royalty Trust Company Profile

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.