Cross Timbers Royalty Trust (NYSE:CRT) Declares Dividend Increase – $0.14 Per Share

Cross Timbers Royalty Trust (NYSE:CRT) announced 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 dividend on an annualized basis and a yield of 11.32%. The ex-dividend date is Monday, April 29th. This is a positive change 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 Down 0.3 %

Shares of NYSE:CRT opened at $14.40 on Friday. The stock has a market capitalization of $86.40 million, a PE ratio of 7.46 and a beta of 0.59. Cross Timbers Royalty Trust has a 1 year low of $12.50 and a 1 year high of $26.10. The firm has a fifty day moving average price of $15.03 and a 200 day moving average price of $17.13.

Cross Timbers Royalty Trust (NYSE:CRT) last released its quarterly earnings results on Monday, April 1st. The oil and gas company reported $0.40 earnings per share (EPS) for the quarter. Cross Timbers Royalty Trust had a net margin of 93.40% and a return on equity of 418.94%. The company had revenue of $2.56 million during the quarter.

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.