Cross Timbers Royalty Trust (NYSE:CRT) Declares Monthly Dividend of $0.06

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Tuesday, August 20th, Zacks reports. Stockholders of record on Friday, August 30th will be paid a dividend of 0.055 per share by the oil and gas company on Monday, September 16th. This represents a $0.66 annualized dividend and a dividend yield of 6.17%. The ex-dividend date is Friday, August 30th.

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

Cross Timbers Royalty Trust Trading Up 2.1 %

NYSE CRT traded up $0.22 on Wednesday, hitting $10.70. 7,090 shares of the stock traded hands, compared to its average volume of 36,014. The stock has a 50-day moving average of $10.47 and a 200 day moving average of $13.28. Cross Timbers Royalty Trust has a twelve month low of $9.12 and a twelve month high of $22.85. The company has a market capitalization of $64.20 million, a P/E ratio of 6.76 and a beta of 0.54.

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.