Cross Timbers Royalty Trust (NYSE:CRT) to Issue Monthly Dividend of $0.16

Cross Timbers Royalty Trust (NYSE:CRTGet Free Report) declared a monthly dividend on Friday, March 21st, NASDAQ Dividends reports. Investors of record on Monday, March 31st will be paid a dividend of 0.1567 per share by the oil and gas company on Monday, April 14th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 16.08%. The ex-dividend date is Monday, March 31st. This is a 243.7% increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.05.

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

Cross Timbers Royalty Trust Trading Up 5.3 %

Shares of NYSE:CRT opened at $11.70 on Friday. Cross Timbers Royalty Trust has a 12 month low of $8.88 and a 12 month high of $14.98. The company has a 50-day moving average price of $10.71 and a 200 day moving average price of $10.37. The company has a market cap of $70.18 million, a price-to-earnings ratio of 10.44 and a beta of 0.52.

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.

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Dividend History for Cross Timbers Royalty Trust (NYSE:CRT)

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