Cross Timbers Royalty Trust (NYSE:CRT) Raises Dividend to $0.04 Per Share

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) declared a dividend on Sunday, June 22nd, investing.com reports. Investors of record on Tuesday, July 1st will be paid 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 of this dividend 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 Stock Performance

Shares of Cross Timbers Royalty Trust stock opened at $9.80 on Friday. Cross Timbers Royalty Trust has a one year low of $8.88 and a one year high of $13.31. The company has a market cap of $58.80 million, a price-to-earnings ratio of 9.90 and a beta of 0.12. The business's 50 day moving average price is $10.13 and its 200 day moving average price is $10.42.

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) last posted its earnings results on Wednesday, May 14th. The oil and gas company reported $0.30 EPS 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.

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