Cross Timbers Royalty Trust (NYSE:CRT) Increases Dividend to $0.09 Per Share

Cross Timbers Royalty Trust (NYSE:CRT) announced a monthly dividend on Monday, November 18th,Wall Street Journal reports. Shareholders of record on Friday, November 29th will be paid 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% annually over the last three years.

Cross Timbers Royalty Trust Trading Down 1.3 %

Shares of NYSE CRT opened at $10.02 on Wednesday. The stock has a market capitalization of $60.12 million, a PE ratio of 8.96 and a beta of 0.53. Cross Timbers Royalty Trust has a 12-month low of $8.88 and a 12-month high of $20.50. The stock’s fifty day simple moving average is $10.30 and its two-hundred day simple moving average is $10.98.

Cross Timbers Royalty Trust Company Profile

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.