Cross Timbers Royalty Trust (NYSE:CRT) Issues Earnings Results

Cross Timbers Royalty Trust (NYSE:CRT) released its quarterly earnings data on Thursday. The oil and gas company reported $0.22 EPS for the quarter, Zacks reports. The firm had revenue of $1.48 million during the quarter. Cross Timbers Royalty Trust had a return on equity of 262.62% and a net margin of 88.08%.

Cross Timbers Royalty Trust Stock Performance

Shares of CRT opened at $12.33 on Friday. The firm has a market capitalization of $73.95 million, a P/E ratio of 11.00 and a beta of 0.52. Cross Timbers Royalty Trust has a 52 week low of $8.88 and a 52 week high of $14.98. The stock has a 50 day moving average price of $10.88 and a two-hundred day moving average price of $10.46.

Cross Timbers Royalty Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a $0.1567 dividend. This is a boost from Cross Timbers Royalty Trust’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 15.26%. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is presently 167.86%.

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.