Cross Timbers Royalty Trust (NYSE:CRT) Declares Dividend Increase – $0.09 Per Share

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Tuesday, November 19th,Wall Street Journal reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.0927 per share by the oil and gas company on Friday, December 13th. This represents a $1.11 annualized dividend and a dividend yield of 11.06%. The ex-dividend date is Friday, November 29th. This is an increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.06.

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

Cross Timbers Royalty Trust Stock Performance

Shares of CRT traded down $0.09 during trading hours on Tuesday, hitting $10.06. 18,478 shares of the company were exchanged, compared to its average volume of 34,198. Cross Timbers Royalty Trust has a 52 week low of $8.88 and a 52 week high of $20.50. The firm’s 50 day moving average is $10.27 and its 200-day moving average is $11.00. The company has a market cap of $60.36 million, a PE ratio of 9.13 and a beta of 0.53.

About Cross Timbers Royalty Trust

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.