Cross Timbers Royalty Trust (NYSE:CRT) Announces Dividend of $0.04

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) announced a dividend on Sunday, June 22nd, investing.com reports. Investors of record on Tuesday, July 1st will be given a dividend of 0.0358 per share by the oil and gas company on Tuesday, July 15th. This represents a yield of 4.39%. The ex-dividend date is Monday, June 30th. This is a 11.6% increase from Cross Timbers Royalty Trust's previous dividend of $0.03.

Cross Timbers Royalty Trust Trading Down 0.4%

Shares of CRT stock traded down $0.04 on Wednesday, hitting $9.77. 12,679 shares of the stock were exchanged, compared to its average volume of 30,340. The firm has a market capitalization of $58.62 million, a P/E ratio of 9.87 and a beta of 0.12. Cross Timbers Royalty Trust has a fifty-two week low of $8.88 and a fifty-two week high of $13.31. The business has a 50-day moving average of $10.06 and a 200 day moving average of $10.41.

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The oil and gas company reported $0.30 earnings per share for the quarter. Cross Timbers Royalty Trust had a return on equity of 243.41% and a net margin of 87.50%.

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.