Cross Timbers Royalty Trust (NYSE:CRT) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Cross Timbers Royalty Trust (NYSE:CRT)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $9.98 and traded as high as $10.90. Cross Timbers Royalty Trust shares last traded at $10.87, with a volume of 18,897 shares traded.

Cross Timbers Royalty Trust Trading Up 0.7 %

The business’s 50 day moving average price is $9.98 and its two-hundred day moving average price is $11.62. The stock has a market cap of $65.22 million, a P/E ratio of 6.92 and a beta of 0.52.

Cross Timbers Royalty Trust (NYSE:CRT) last posted its 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 return on equity of 291.46% and a net margin of 88.84%. The firm had revenue of $1.58 million for the quarter.

Cross Timbers Royalty Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.1022 dividend. This is an increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.23 dividend on an annualized basis and a yield of 11.29%. Cross Timbers Royalty Trust’s dividend payout ratio is 77.71%.

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.