TheStreet upgraded shares of Cross Timbers Royalty Trust (NYSE:CRT) from a c rating to a b- rating in a research note released on Monday, TheStreetRatingsTable reports.
Cross Timbers Royalty Trust stock opened at $9.61 on Monday. The stock has a fifty day moving average of $9.09 and a two-hundred day moving average of $8.14. The company has a market capitalization of $57.66 million, a price-to-earnings ratio of 12.01 and a beta of 0.88. Cross Timbers Royalty Trust has a fifty-two week low of $5.16 and a fifty-two week high of $10.57.
The business also recently declared a monthly dividend, which will be paid on Friday, May 14th. Shareholders of record on Friday, April 30th will be given a dividend of $0.0965 per share. This is an increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.04. The ex-dividend date of this dividend is Thursday, April 29th. This represents a $1.16 annualized dividend and a yield of 12.05%.
Cross Timbers Royalty Trust Company Profile
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.
Further Reading: Stochastic Momentum Index (SMI)
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