Cross Timbers Royalty Trust (NYSE:CRT) to Issue Monthly Dividend of $0.06

Cross Timbers Royalty Trust (NYSE:CRT) announced a monthly dividend on Tuesday, October 22nd, Wall Street Journal reports. Investors 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 of this dividend is Thursday, October 31st.

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

Cross Timbers Royalty Trust Trading Down 0.7 %

NYSE CRT traded down $0.08 during trading hours on Tuesday, reaching $11.19. The company’s stock had a trading volume of 46,391 shares, compared to its average volume of 34,998. The stock has a market cap of $67.14 million, a PE ratio of 7.20 and a beta of 0.52. The business has a 50-day simple moving average of $10.15 and a 200 day simple moving average of $11.45. Cross Timbers Royalty Trust has a 52 week low of $8.88 and a 52 week high of $20.50.

Cross Timbers Royalty Trust (NYSE:CRT) last released its quarterly earnings data on Tuesday, August 13th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter. Cross Timbers Royalty Trust had a return on equity of 291.46% and a net margin of 88.84%. The business had revenue of $1.58 million during the quarter.

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.