Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) declared a monthly dividend on Friday, April 19th, investing.com reports. Investors of record on Tuesday, April 30th will be paid a dividend of 0.1359 per share by the oil and gas company on Tuesday, May 14th. This represents a $1.63 annualized dividend and a dividend yield of 11.31%. The ex-dividend date is Monday, April 29th. This is an increase from Cross Timbers Royalty Trust's previous monthly dividend of $0.10.
Cross Timbers Royalty Trust has increased its dividend by an average of 35.2% per year over the last three years.
Cross Timbers Royalty Trust Trading Up 9.7 %
Shares of NYSE:CRT traded up $1.27 during mid-day trading on Friday, hitting $14.41. 94,271 shares of the company traded hands, compared to its average volume of 36,489. The stock has a market cap of $86.49 million, a P/E ratio of 7.47 and a beta of 0.59. Cross Timbers Royalty Trust has a 12-month low of $12.50 and a 12-month high of $26.10. The stock has a 50-day moving average price of $15.30 and a two-hundred day moving average price of $17.28.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its position in Cross Timbers Royalty Trust by 54.9% in the first quarter. Bank of America Corp DE now owns 6,374 shares of the oil and gas company's stock worth $83,000 after purchasing an additional 2,260 shares during the last quarter. UBS Group AG boosted its position in Cross Timbers Royalty Trust by 9.3% in the first quarter. UBS Group AG now owns 13,425 shares of the oil and gas company's stock worth $176,000 after purchasing an additional 1,138 shares during the last quarter. LPL Financial LLC boosted its position in Cross Timbers Royalty Trust by 20.9% in the second quarter. LPL Financial LLC now owns 13,010 shares of the oil and gas company's stock worth $197,000 after purchasing an additional 2,251 shares during the last quarter. Citadel Advisors LLC purchased a new position in Cross Timbers Royalty Trust in the third quarter worth $216,000. Finally, Morgan Stanley boosted its position in Cross Timbers Royalty Trust by 817.7% in the fourth quarter. Morgan Stanley now owns 20,327 shares of the oil and gas company's stock worth $517,000 after purchasing an additional 18,112 shares during the last quarter. Hedge funds and other institutional investors own 9.74% of the company's stock.
About Cross Timbers Royalty Trust
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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
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