Cross Timbers Royalty Trust (NYSE:CRT) announced a monthly dividend on Friday, May 19th, Wall Street Journal reports. Investors of record on Wednesday, May 31st will be given a dividend of 0.0768 per share by the oil and gas company on Wednesday, June 14th. This represents a $0.92 annualized dividend and a yield of 6.03%. The ex-dividend date of this dividend is Friday, May 26th.
Cross Timbers Royalty Trust has decreased its dividend payment by an average of 23.9% annually over the last three years.
Cross Timbers Royalty Trust (CRT) traded down 0.78% during midday trading on Tuesday, reaching $15.26. 11,441 shares of the company traded hands. The company has a market capitalization of $91.56 million, a price-to-earnings ratio of 16.44 and a beta of 0.59. Cross Timbers Royalty Trust has a one year low of $14.10 and a one year high of $20.59. The stock’s 50 day moving average is $15.46 and its 200 day moving average is $16.48.
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About Cross Timbers Royalty Trust
Cross Timbers Royalty Trust is an express trust. The net profits interests are the principal asset of the Trust. The net profits interests consist of approximately 90% net profits interests, which are carved from producing royalty and overriding royalty interest properties in Texas, Oklahoma and New Mexico, and 11.11% nonparticipating royalty interests in non-producing properties located primarily in Texas and Oklahoma.
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