Cross Timbers Royalty Trust Announces Monthly Dividend of $0.03 (NYSE:CRT)

Cross Timbers Royalty Trust (NYSE:CRT) announced a monthly dividend on Tuesday, January 20th. Stockholders of record on Friday, January 30th will be paid a dividend of 0.0329 per share by the oil and gas company on Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, January 30th.

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

Cross Timbers Royalty Trust Stock Up 4.4%

Shares of NYSE CRT traded up $0.37 during mid-day trading on Tuesday, hitting $8.64. 61,019 shares of the company traded hands, compared to its average volume of 27,674. The business has a 50 day moving average of $8.31 and a two-hundred day moving average of $8.34. The stock has a market capitalization of $51.81 million, a price-to-earnings ratio of 11.51 and a beta of 0.13. Cross Timbers Royalty Trust has a 1 year low of $7.07 and a 1 year high of $13.31.

Cross Timbers Royalty Trust (NYSE:CRT) last posted its quarterly earnings results on Thursday, November 13th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter. Cross Timbers Royalty Trust had a net margin of 79.29% and a return on equity of 191.25%.

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.