Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Monday, August 21st, Wall Street Journal reports. Stockholders of record on Thursday, August 31st will be given a dividend of 0.0928 per share by the oil and gas company on Friday, September 15th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 7.62%. The ex-dividend date is Tuesday, August 29th. 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) remained flat at $14.63 during trading on Thursday. 12,714 shares of the company traded hands. The company has a 50 day moving average price of $14.82 and a 200 day moving average price of $15.26. Cross Timbers Royalty Trust has a one year low of $14.10 and a one year high of $19.80. The firm has a market capitalization of $87.78 million, a PE ratio of 14.36 and a beta of 0.63.
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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.
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