Cross Timbers Royalty Trust (NYSE:CRT) Plans Monthly Dividend of $0.05

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Wednesday, February 19th,Wall Street Journal reports. Stockholders of record on Friday, February 28th will be given a dividend of 0.0456 per share by the oil and gas company on Friday, March 14th. This represents a $0.55 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend is Friday, February 28th.

Cross Timbers Royalty Trust has decreased its dividend by an average of 8.0% per year over the last three years.

Cross Timbers Royalty Trust Stock Performance

Cross Timbers Royalty Trust stock traded up $0.39 during mid-day trading on Wednesday, hitting $11.20. The company’s stock had a trading volume of 42,040 shares, compared to its average volume of 29,516. The company has a 50 day moving average of $10.25 and a 200-day moving average of $10.24. The stock has a market cap of $67.22 million, a PE ratio of 10.00 and a beta of 0.56. Cross Timbers Royalty Trust has a one year low of $8.88 and a one year high of $17.72.

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.