Cross Timbers Royalty Trust (CRT) to Issue Monthly Dividend of $0.06 on November 15th

Cross Timbers Royalty Trust (NYSE:CRT) announced a monthly dividend on Monday, October 21st, 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 annualized dividend and a yield of 6.93%. The ex-dividend date is Thursday, October 31st.

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

Cross Timbers Royalty Trust Stock Down 0.7 %

Shares of NYSE:CRT opened at $11.19 on Wednesday. The firm’s 50 day moving average price is $10.17 and its 200 day moving average price is $11.43. The stock has a market cap of $67.14 million, a price-to-earnings ratio of 7.13 and a beta of 0.52. Cross Timbers Royalty Trust has a fifty-two week low of $8.88 and a fifty-two week high of $20.50.

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

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.