Cross Timbers Royalty Trust (NYSE:CRT) Increases Dividend to $0.09 Per Share

Cross Timbers Royalty Trust (NYSE:CRT) announced a monthly dividend on Tuesday, June 20th, Wall Street Journal reports. Investors of record on Friday, June 30th will be given a dividend of 0.0853 per share by the oil and gas company on Monday, July 17th. This represents a $1.02 annualized dividend and a yield of 6.78%. The ex-dividend date of this dividend is Wednesday, June 28th. This is a boost from Cross Timbers Royalty Trust’s previous monthly dividend of $0.08.

Cross Timbers Royalty Trust has decreased its dividend payment by an average of 23.9% per year over the last three years.

Cross Timbers Royalty Trust (NYSE:CRT) traded up 1.46% during mid-day trading on Monday, reaching $15.33. 1,816 shares of the company’s stock were exchanged. The stock has a market cap of $91.98 million, a price-to-earnings ratio of 16.52 and a beta of 0.61. Cross Timbers Royalty Trust has a one year low of $14.10 and a one year high of $20.59. The stock has a 50-day moving average of $15.42 and a 200-day moving average of $16.33.

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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.

Dividend History for Cross Timbers Royalty Trust (NYSE:CRT)

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