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

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Friday, March 20th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.0009 per share by the oil and gas company on Tuesday, April 14th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date is Tuesday, March 31st.

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

Cross Timbers Royalty Trust Stock Performance

Cross Timbers Royalty Trust stock opened at $10.50 on Friday. The business’s fifty day moving average is $9.07 and its two-hundred day moving average is $8.35. The firm has a market cap of $62.97 million, a P/E ratio of 13.81 and a beta of 0.10. Cross Timbers Royalty Trust has a 52 week low of $7.07 and a 52 week high of $13.31.

Cross Timbers Royalty Trust (NYSE:CRT) last announced its earnings results on Friday, March 27th. The oil and gas company reported $0.23 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%.The company had revenue of $1.64 million during the quarter.

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.