Cross Timbers Royalty Trust (NYSE:CRT) Plans Dividend Increase – $0.10 Per Share

Cross Timbers Royalty Trust (NYSE:CRT) announced a dividend on Friday, September 20th, NASDAQ reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.1022 per share by the oil and gas company on Tuesday, October 15th. The ex-dividend date of this dividend is Monday, September 30th. This is an increase from Cross Timbers Royalty Trust’s previous dividend of $0.10.

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

Cross Timbers Royalty Trust Stock Up 6.2 %

Shares of Cross Timbers Royalty Trust stock opened at $9.88 on Friday. The stock has a market cap of $59.28 million, a P/E ratio of 6.29 and a beta of 0.51. The business’s 50 day moving average is $9.89 and its 200-day moving average is $12.10. Cross Timbers Royalty Trust has a 12-month low of $8.88 and a 12-month high of $20.50.

Cross Timbers Royalty Trust (NYSE:CRT) last issued its earnings results on Tuesday, August 13th. The oil and gas company reported $0.22 earnings per share (EPS) 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 for the quarter.

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.