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

Cross Timbers Royalty Trust (NYSE:CRT) announced a monthly dividend on Monday, May 18th. Stockholders of record on Friday, May 29th will be given a dividend of 0.0296 per share by the oil and gas company on Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, May 29th.

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

Cross Timbers Royalty Trust Price Performance

NYSE:CRT traded down $0.16 during trading hours on Monday, hitting $10.60. 29,655 shares of the company were exchanged, compared to its average volume of 36,455. The stock has a market capitalization of $63.60 million, a price-to-earnings ratio of 19.63 and a beta of -0.02. Cross Timbers Royalty Trust has a 52-week low of $7.07 and a 52-week high of $11.10. The company’s 50 day moving average price is $10.37 and its 200-day moving average price is $9.08.

Cross Timbers Royalty Trust (NYSE:CRT) last released its earnings results on Thursday, May 14th. The oil and gas company reported $0.08 earnings per share for the quarter. Cross Timbers Royalty Trust had a net margin of 71.40% and a return on equity of 145.81%. The company had revenue of $0.77 million for the quarter.

About Cross Timbers Royalty Trust

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.