Cross Timbers Royalty Trust (NYSE:CRT) Raises Dividend to $0.28 Per Share

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Tuesday, October 20th. Investors of record on Friday, October 30th will be given a dividend of $0.2779 per share by the oil and gas company on Monday, November 16th. This represents a $3.33 dividend on an annualized basis and a dividend yield of 24.5%. The ex-dividend date of this dividend is Friday, October 30th. This is a 332.4% increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.0643.

Cross Timbers Royalty Trust Trading Up 8.9%

Shares of CRT traded up $1.11 during trading hours on Tuesday, reaching $13.60. 86,803 shares of the stock traded hands, compared to its average volume of 29,294. The company has a market cap of $81.57 million, a P/E ratio of 25.65 and a beta of 0.01. The company’s 50-day moving average price is $11.47 and its two-hundred day moving average price is $10.62. Cross Timbers Royalty Trust has a 52-week low of $7.09 and a 52-week high of $14.15.

Cross Timbers Royalty Trust (NYSE:CRT) last issued its quarterly earnings results on Thursday, August 13th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter. Cross Timbers Royalty Trust had a return on equity of 147.68% and a net margin of 74.04%.

Cross Timbers Royalty Trust Company Profile

Cross Timbers Royalty Trust (NYSE:CRT) is a grantor trust that owns royalty and net profits interests in certain oil and natural gas properties. The trust does not operate wells or provide exploration, drilling, or production services directly. Instead, it receives distributions based on production and sales from the underlying properties, after applicable production expenses and other deductions.

The trust’s interests are associated primarily with oil and natural gas properties in Texas and Oklahoma.