Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) declared a monthly dividend on Tuesday, October 20th. Investors of record on Friday, October 30th will be paid a dividend of $0.2779 per share by the oil and gas company on Monday, November 16th. This represents a $3.33 annualized dividend and a dividend yield of 24.3%. The ex-dividend date of this dividend is Friday, October 30th. This is a 332.4% increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.0643.
Cross Timbers Royalty Trust Stock Performance
Shares of CRT opened at $13.73 on Wednesday. The company’s 50 day simple moving average is $11.55 and its 200 day simple moving average is $10.64. Cross Timbers Royalty Trust has a 1 year low of $7.09 and a 1 year high of $14.15. The company has a market capitalization of $82.41 million, a price-to-earnings ratio of 25.92 and a beta of 0.01.
Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) last issued its quarterly earnings data 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%.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of Cross Timbers Royalty Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 13th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Cross Timbers Royalty Trust presently has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on Cross Timbers Royalty Trust
About Cross Timbers Royalty Trust
Cross Timbers Royalty Trust (NYSE:CRT) is a grantor trust that owns royalty and net profits interests in certain oil and natural gas properties. The trust does not operate wells or provide exploration, drilling, or production services directly. Instead, it receives distributions based on production and sales from the underlying properties, after applicable production expenses and other deductions.
The trust’s interests are associated primarily with oil and natural gas properties in Texas and Oklahoma.
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