Cross Timbers Royalty Trust (NYSE:CRT) Issues Quarterly Earnings Results

Cross Timbers Royalty Trust (NYSE:CRT) announced its earnings results on Thursday. The oil and gas company reported $0.22 EPS for the quarter, Zacks reports. Cross Timbers Royalty Trust had a net margin of 88.08% and a return on equity of 262.62%. The business had revenue of $1.48 million during the quarter.

Cross Timbers Royalty Trust Stock Performance

CRT opened at $11.73 on Friday. The business’s 50-day simple moving average is $10.84 and its 200 day simple moving average is $10.43. Cross Timbers Royalty Trust has a 52-week low of $8.88 and a 52-week high of $14.98. The firm has a market capitalization of $70.40 million, a PE ratio of 10.48 and a beta of 0.52.

Cross Timbers Royalty Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a $0.1567 dividend. This is a boost from Cross Timbers Royalty Trust’s previous monthly dividend of $0.05. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 16.03%. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is presently 167.86%.

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.