Cross Timbers Royalty Trust (NYSE:CRT) Declares Dividend Increase – $0.14 Per Share

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Friday, April 19th, investing.com reports. Investors of record on Tuesday, April 30th will be paid a dividend of 0.1359 per share by the oil and gas company on Tuesday, May 14th. This represents a $1.63 dividend on an annualized basis and a yield of 11.38%. The ex-dividend date is Monday, April 29th. This is an increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.10.

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

Cross Timbers Royalty Trust Trading Up 9.1 %

Shares of NYSE:CRT opened at $14.33 on Friday. The stock has a market capitalization of $85.98 million, a P/E ratio of 7.42 and a beta of 0.59. The stock’s 50-day moving average price is $15.35 and its 200-day moving average price is $17.31. Cross Timbers Royalty Trust has a 12-month low of $12.50 and a 12-month high of $26.10.

Institutional Investors Weigh In On Cross Timbers Royalty Trust

Several institutional investors have recently bought and sold shares of the stock. UBS Group AG increased its stake in shares of Cross Timbers Royalty Trust by 5.5% in the fourth quarter. UBS Group AG now owns 12,407 shares of the oil and gas company’s stock worth $218,000 after buying an additional 642 shares during the period. Beacon Pointe Advisors LLC purchased a new position in shares of Cross Timbers Royalty Trust in the second quarter valued at about $1,569,000. Morgan Stanley raised its stake in shares of Cross Timbers Royalty Trust by 817.7% during the fourth quarter. Morgan Stanley now owns 20,327 shares of the oil and gas company’s stock valued at $517,000 after acquiring an additional 18,112 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Cross Timbers Royalty Trust during the third quarter worth about $216,000. Finally, LPL Financial LLC grew its stake in shares of Cross Timbers Royalty Trust by 20.9% in the second quarter. LPL Financial LLC now owns 13,010 shares of the oil and gas company’s stock worth $197,000 after purchasing an additional 2,251 shares during the last quarter. 9.74% of the stock is currently owned by hedge funds and other institutional investors.

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.