Cross Timbers Royalty Trust to Issue Monthly Dividend of $0.03 (NYSE:CRT)

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Tuesday, January 20th. Shareholders of record on Friday, January 30th will be given a dividend of 0.0329 per share by the oil and gas company on Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, January 30th.

Cross Timbers Royalty Trust has raised its dividend by an average of 0.0%per year over the last three years.

Cross Timbers Royalty Trust Stock Performance

CRT opened at $8.64 on Wednesday. The business’s 50 day moving average price is $8.32 and its 200 day moving average price is $8.33. The stock has a market capitalization of $51.81 million, a PE ratio of 11.51 and a beta of 0.13. Cross Timbers Royalty Trust has a one year low of $7.07 and a one year high of $13.31.

Cross Timbers Royalty Trust (NYSE:CRT) last issued its quarterly earnings data on Thursday, November 13th. The oil and gas company reported $0.08 earnings per share for the quarter. Cross Timbers Royalty Trust had a return on equity of 191.25% and a net margin of 79.29%.

Institutional Investors Weigh In On Cross Timbers Royalty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ritholtz Wealth Management bought a new stake in shares of Cross Timbers Royalty Trust during the 2nd quarter valued at about $169,000. Scotia Capital Inc. acquired a new stake in shares of Cross Timbers Royalty Trust during the second quarter worth approximately $109,000. Susquehanna International Group LLP acquired a new stake in shares of Cross Timbers Royalty Trust during the 3rd quarter valued at about $212,000. Finally, Bank of America Corp DE increased its position in Cross Timbers Royalty Trust by 81.3% during the second quarter. Bank of America Corp DE now owns 3,596 shares of the oil and gas company’s stock worth $36,000 after buying an additional 1,612 shares during the last quarter. 9.74% of the stock is currently owned by hedge funds and other institutional investors.

About Cross Timbers Royalty Trust

Cross Timbers Royalty Trust (NYSE:CRT) is a Delaware statutory trust that holds royalty interests in a portfolio of onshore oil and natural gas properties. The trust was established in June 2005 through a contribution of assets by Chesapeake Energy Corporation. It earns revenue by collecting overriding royalty and net profit interests carved out of producing leases and then distributing those receipts to its unitholders on a quarterly basis.

The underlying assets of the trust consist primarily of oil, natural gas and natural gas liquids reserves located in several Texas counties, including Erath, Stephens, Comanche and Palo Pinto.