Cross Timbers Royalty Trust (NYSE:CRT) to Issue Dividend Increase – $0.10 Per Share

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Friday, September 20th, NASDAQ reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.1022 per share by the oil and gas company on Tuesday, October 15th. This represents a $1.23 annualized dividend and a dividend yield of 11.99%. The ex-dividend date of this dividend is Monday, September 30th. This is an increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.10.

Cross Timbers Royalty Trust has raised its dividend payment by an average of 35.2% per year over the last three years.

Cross Timbers Royalty Trust Price Performance

CRT stock opened at $10.23 on Friday. The stock has a market capitalization of $61.38 million, a price-to-earnings ratio of 6.52 and a beta of 0.51. The business has a fifty day moving average price of $9.93 and a 200 day moving average price of $11.88. Cross Timbers Royalty Trust has a fifty-two week low of $8.88 and a fifty-two week high of $20.50.

Cross Timbers Royalty Trust (NYSE:CRT) last released its quarterly earnings results on Tuesday, August 13th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $1.58 million during the quarter. Cross Timbers Royalty Trust had a return on equity of 291.46% and a net margin of 88.84%.

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.