Cross Timbers Royalty Trust (CRT) Declares $0.13 Dividend
Cross Timbers Royalty Trust (NYSE:CRT) announced a dividend on Tuesday, September 18th, NASDAQ reports. Shareholders of record on Friday, September 28th will be paid a dividend of 0.125 per share by the oil and gas company on Monday, October 15th. The ex-dividend date is Thursday, September 27th.
Cross Timbers Royalty Trust has decreased its dividend by an average of 27.1% per year over the last three years.
CRT traded up $0.13 during trading on Wednesday, reaching $14.64. The company’s stock had a trading volume of 3,452 shares, compared to its average volume of 15,884. Cross Timbers Royalty Trust has a 52-week low of $12.99 and a 52-week high of $15.97. The firm has a market capitalization of $88.20 million, a PE ratio of 12.05 and a beta of 0.56.
Separately, TheStreet raised Cross Timbers Royalty Trust from a “c+” rating to a “b-” rating in a research note on Friday, July 20th.
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 interests in certain working interest properties in Texas and Oklahoma.
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