Cross Timbers Royalty Trust (NYSE:CRT) Announces Monthly Dividend of $0.09

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Monday, November 18th,Wall Street Journal reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.0927 per share by the oil and gas company on Friday, December 13th. This represents a $1.11 annualized dividend and a yield of 10.06%. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Cross Timbers Royalty Trust’s previous monthly dividend of $0.06.

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

Cross Timbers Royalty Trust Price Performance

Shares of NYSE CRT opened at $11.06 on Thursday. The company has a market capitalization of $66.33 million, a price-to-earnings ratio of 9.87 and a beta of 0.53. Cross Timbers Royalty Trust has a 1-year low of $8.88 and a 1-year high of $20.47. The business has a 50-day moving average of $10.50 and a 200-day moving average of $10.87.

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.