Cross Timbers Royalty Trust (CRT) To Go Ex-Dividend on July 31st

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Tuesday, July 21st. Stockholders of record on Friday, July 31st will be given a dividend of 0.0614 per share by the oil and gas company on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Friday, July 31st. This is a 39.0% increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.04.

Cross Timbers Royalty Trust has decreased its dividend payment by an average of 0.0%per year over the last three years.

Cross Timbers Royalty Trust Stock Up 0.2%

NYSE:CRT opened at $9.71 on Thursday. The company has a market cap of $58.25 million, a P/E ratio of 17.98 and a beta of -0.03. Cross Timbers Royalty Trust has a twelve month low of $7.07 and a twelve month high of $11.10. The business has a 50 day moving average price of $9.88 and a two-hundred day moving average price of $9.63.

Cross Timbers Royalty Trust (NYSE:CRT) last announced its earnings results on Thursday, May 14th. The oil and gas company reported $0.08 EPS for the quarter. The business had revenue of $0.77 million during the quarter. Cross Timbers Royalty Trust had a net margin of 71.40% and a return on equity of 145.81%.

About Cross Timbers Royalty Trust

Cross Timbers Royalty Trust (NYSE:CRT) is a Delaware statutory trust that holds royalty interests in a portfolio of onshore oil and natural gas properties. The trust was established in June 2005 through a contribution of assets by Chesapeake Energy Corporation. It earns revenue by collecting overriding royalty and net profit interests carved out of producing leases and then distributing those receipts to its unitholders on a quarterly basis.

The underlying assets of the trust consist primarily of oil, natural gas and natural gas liquids reserves located in several Texas counties, including Erath, Stephens, Comanche and Palo Pinto.