Cross Timbers Royalty Trust (NYSE:CRT) Declares Monthly Dividend of $0.00

Key Points

• Cross Timbers Royalty Trust declared a monthly dividend of $0.0009 per share (ex‑dividend and record date: March 31), payable April 14, which annualizes to roughly a 0.1% yield.
• Shares fell 2.6% to $9.69 on Friday with above‑average volume; the trust has a market cap of $58.12M, a P/E of 12.91, and a 52‑week range of $7.07–$13.31.
• Wall Street is broadly negative with a consensus Sell rating (Weiss reissued a sell), and the trust holds royalty interests in onshore oil and gas properties originally contributed by Chesapeake in 2005.

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) announced a monthly dividend on Friday, March 20th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.0009 per share by the oil and gas company on Tuesday, April 14th. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Tuesday, March 31st.

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

Cross Timbers Royalty Trust Stock Down 2.6%

Shares of NYSE CRT traded down $0.25 during trading hours on Friday, reaching $9.69. 74,338 shares of the stock traded hands, compared to its average volume of 33,277. The company's 50-day simple moving average is $8.87 and its two-hundred day simple moving average is $8.30. The company has a market capitalization of $58.12 million, a P/E ratio of 12.91 and a beta of 0.10. Cross Timbers Royalty Trust has a 52-week low of $7.07 and a 52-week high of $13.31.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Cross Timbers Royalty Trust in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of "Sell".

Cross Timbers Royalty Trust Company Profile

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.

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