Cross Timbers Royalty Trust (NYSE:CRT) Declares Monthly Dividend of $0.07

Cross Timbers Royalty Trust (NYSE:CRT) announced a monthly dividend on Friday, August 21st. Investors of record on Monday, August 31st will be paid a dividend of 0.0679 per share by the oil and gas company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Monday, August 31st. This is a 10.6% increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.06.

Cross Timbers Royalty Trust has decreased its dividend payment by an average of 0.0%per year over the last three years.

Cross Timbers Royalty Trust Stock Up 3.8%

NYSE CRT traded up $0.40 during trading hours on Friday, hitting $10.90. The company had a trading volume of 22,900 shares, compared to its average volume of 29,759. The firm has a market cap of $65.40 million, a P/E ratio of 20.57 and a beta of -0.05. The business has a fifty day simple moving average of $9.65 and a 200-day simple moving average of $9.90. Cross Timbers Royalty Trust has a fifty-two week low of $7.07 and a fifty-two week high of $11.10.

Cross Timbers Royalty Trust (NYSE:CRT) last released its quarterly earnings results on Thursday, August 13th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter. Cross Timbers Royalty Trust had a return on equity of 147.68% and a net margin of 74.04%.

Cross Timbers Royalty Trust Company Profile

Cross Timbers Royalty Trust (NYSE:CRT) is a Delaware statutory trust that holds royalty interests in a portfolio of onshore oil and natural gas properties. The trust was established in June 2005 through a contribution of assets by Chesapeake Energy Corporation. It earns revenue by collecting overriding royalty and net profit interests carved out of producing leases and then distributing those receipts to its unitholders on a quarterly basis.

The underlying assets of the trust consist primarily of oil, natural gas and natural gas liquids reserves located in several Texas counties, including Erath, Stephens, Comanche and Palo Pinto.