Cross Timbers Royalty Trust (NYSE:CRT) Increases Dividend to $0.07 Per Share

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Monday, April 20th. Stockholders of record on Thursday, April 30th will be given a dividend of 0.0697 per share by the oil and gas company on Thursday, May 14th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend is Thursday, April 30th. This is a 7,453.6% increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.000923.

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

Cross Timbers Royalty Trust Price Performance

Cross Timbers Royalty Trust stock opened at $10.61 on Tuesday. The stock’s 50-day moving average is $9.72 and its 200-day moving average is $8.69. The company has a market cap of $63.63 million, a price-to-earnings ratio of 13.95 and a beta of 0.03. Cross Timbers Royalty Trust has a 12 month low of $7.07 and a 12 month high of $11.10.

Cross Timbers Royalty Trust (NYSE:CRT) last released its quarterly earnings data on Friday, March 27th. The oil and gas company reported $0.23 EPS for the quarter. The company had revenue of $1.64 million for the quarter. Cross Timbers Royalty Trust had a return on equity of 198.98% and a net margin of 77.77%.

Cross Timbers Royalty Trust Company Profile

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.