Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) announced a monthly dividend on Tuesday, February 18th,Wall Street Journal reports. Investors of record on Friday, February 28th will be given a dividend of 0.0456 per share by the oil and gas company on Friday, March 14th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date is Friday, February 28th.
Cross Timbers Royalty Trust has decreased its dividend payment by an average of 8.0% annually over the last three years.
Cross Timbers Royalty Trust Stock Up 3.6 %
Cross Timbers Royalty Trust stock opened at $11.20 on Thursday. Cross Timbers Royalty Trust has a 52 week low of $8.88 and a 52 week high of $17.72. The company has a market capitalization of $67.22 million, a price-to-earnings ratio of 10.00 and a beta of 0.56. The stock has a 50-day moving average price of $10.29 and a 200 day moving average price of $10.25.
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.
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