Cross Timbers Royalty Trust (CRT) To Go Ex-Dividend on November 29th

Cross Timbers Royalty Trust (NYSE:CRT) announced a monthly dividend on Monday, November 18th,Wall Street Journal reports. Investors of record on Friday, November 29th will be given a dividend of 0.0927 per share by the oil and gas company on Friday, December 13th. This represents a $1.11 annualized dividend and a dividend yield of 11.10%. The ex-dividend date is Friday, November 29th. This is a positive change from Cross Timbers Royalty Trust’s previous monthly dividend of $0.06.

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

Cross Timbers Royalty Trust Price Performance

CRT stock opened at $10.02 on Wednesday. Cross Timbers Royalty Trust has a 1-year low of $8.88 and a 1-year high of $20.50. The stock has a market capitalization of $60.12 million, a P/E ratio of 8.96 and a beta of 0.53. The business has a fifty day moving average price of $10.30 and a 200-day moving average price of $10.98.

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.