Cross Timbers Royalty Trust (CRT) To Go Ex-Dividend on July 31st

Cross Timbers Royalty Trust (NYSE:CRT) announced a monthly dividend on Tuesday, July 21st. Stockholders of record on Friday, July 31st will be paid a dividend of 0.0614 per share by the oil and gas company on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date is Friday, July 31st. This is a 39.0% increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.04.

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

Cross Timbers Royalty Trust Price Performance

Shares of CRT opened at $9.95 on Wednesday. The business has a 50-day moving average of $9.82 and a 200-day moving average of $9.69. The company has a market capitalization of $59.67 million, a price-to-earnings ratio of 18.42 and a beta of -0.03. Cross Timbers Royalty Trust has a 1 year low of $7.07 and a 1 year high of $11.10.

Cross Timbers Royalty Trust (NYSE:CRT) last announced its earnings results on Thursday, May 14th. The oil and gas company reported $0.08 EPS for the quarter. The business had revenue of $0.77 million for the quarter. Cross Timbers Royalty Trust had a return on equity of 145.81% and a net margin of 71.40%.

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.