Cross Timbers Royalty Trust (CRT) to Issue Monthly Dividend of $0.03 on July 15th

Cross Timbers Royalty Trust (NYSE:CRT) announced a monthly dividend on Monday, June 17th, Zacks reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.03 per share by the oil and gas company on Monday, July 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, June 28th.

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 7.8 %

CRT opened at $11.48 on Wednesday. Cross Timbers Royalty Trust has a twelve month low of $11.30 and a twelve month high of $24.44. The firm has a market capitalization of $68.88 million, a PE ratio of 7.31 and a beta of 0.59. The firm’s 50-day moving average price is $13.63 and its 200 day moving average price is $15.75.

Cross Timbers Royalty Trust (NYSE:CRT) last released its earnings results on Tuesday, May 14th. The oil and gas company reported $0.25 earnings per share for the quarter. The business had revenue of $1.84 million for the quarter. Cross Timbers Royalty Trust had a net margin of 91.50% and a return on equity of 347.77%.

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.