Cross Timbers Royalty Trust (CRT) To Go Ex-Dividend on October 31st

Cross Timbers Royalty Trust (NYSE:CRT) announced a monthly dividend on Monday, October 21st, Wall Street Journal reports. Stockholders of record on Thursday, October 31st will be given a dividend of 0.0646 per share by the oil and gas company on Friday, November 15th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date of this dividend is Thursday, October 31st.

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

Cross Timbers Royalty Trust Stock Performance

Shares of CRT opened at $10.74 on Tuesday. The stock has a 50 day simple moving average of $10.19 and a 200 day simple moving average of $11.38. Cross Timbers Royalty Trust has a 52-week low of $8.88 and a 52-week high of $20.50. The firm has a market capitalization of $64.44 million, a PE ratio of 6.84 and a beta of 0.52.

Cross Timbers Royalty Trust (NYSE:CRT) last released its quarterly earnings results on Tuesday, August 13th. The oil and gas company reported $0.22 earnings per share for the quarter. Cross Timbers Royalty Trust had a net margin of 88.84% and a return on equity of 291.46%. The company had revenue of $1.58 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.