Cross Timbers Royalty Trust (NYSE:CRT) Increases Dividend to $0.09 Per Share

Cross Timbers Royalty Trust (NYSE:CRT) announced a monthly dividend on Wednesday, February 17th, Wall Street Journal reports. Stockholders of record on Friday, February 26th will be given a dividend of 0.0867 per share by the oil and gas company on Friday, March 12th. This represents a $1.04 annualized dividend and a dividend yield of 11.25%. The ex-dividend date of this dividend is Thursday, February 25th. This is an increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.05.

CRT stock opened at $9.25 on Tuesday. The firm’s fifty day simple moving average is $8.27 and its 200-day simple moving average is $7.25. The company has a market capitalization of $55.47 million, a P/E ratio of 11.56 and a beta of 0.88. Cross Timbers Royalty Trust has a 12 month low of $4.01 and a 12 month high of $9.35.

About Cross Timbers Royalty Trust

Cross Timbers Royalty Trust operates as an express trust in the United States. It holds 90% net profits interests in certain producing and nonproducing royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico; and 75% net profits working interest in four properties in Texas and three properties in Oklahoma.

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Dividend History for Cross Timbers Royalty Trust (NYSE:CRT)

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