Cross Timbers Royalty Trust (NYSE:CRT) to Issue Monthly Dividend of $0.14

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Friday, April 19th, investing.com reports. Shareholders of record on Tuesday, April 30th will be paid a dividend of 0.1359 per share by the oil and gas company on Tuesday, May 14th. This represents a $1.63 dividend on an annualized basis and a yield of 11.38%. The ex-dividend date is Monday, April 29th. This is an increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.10.

Cross Timbers Royalty Trust has raised its dividend payment by an average of 35.2% annually over the last three years.

Cross Timbers Royalty Trust Stock Up 9.1 %

NYSE CRT opened at $14.33 on Friday. Cross Timbers Royalty Trust has a 12-month low of $12.50 and a 12-month high of $26.10. The company has a market capitalization of $85.98 million, a PE ratio of 7.42 and a beta of 0.59. The firm’s 50 day moving average is $15.35 and its 200-day moving average is $17.31.

Institutional Trading of Cross Timbers Royalty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in CRT. NewEdge Advisors LLC acquired a new stake in shares of Cross Timbers Royalty Trust in the first quarter valued at approximately $780,000. UBS Group AG raised its holdings in shares of Cross Timbers Royalty Trust by 9.3% in the first quarter. UBS Group AG now owns 13,425 shares of the oil and gas company’s stock valued at $176,000 after purchasing an additional 1,138 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Cross Timbers Royalty Trust by 54.9% in the first quarter. Bank of America Corp DE now owns 6,374 shares of the oil and gas company’s stock valued at $83,000 after purchasing an additional 2,260 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Cross Timbers Royalty Trust by 20.9% in the second quarter. LPL Financial LLC now owns 13,010 shares of the oil and gas company’s stock valued at $197,000 after purchasing an additional 2,251 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in Cross Timbers Royalty Trust during the third quarter worth $216,000. 9.74% of the stock is currently owned by institutional investors and hedge funds.

Cross Timbers Royalty Trust Company Profile

Cross Timbers Royalty Trust operates as an express trust in the United States. It holds 90% net profits interests in certain producing and nonproducing royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico; and 75% net profits working interest in four properties in Texas and three properties in Oklahoma.