Cross Timbers Royalty Trust (NYSE:CRT) Announces Dividend of $0.05

Cross Timbers Royalty Trust (NYSE:CRT) announced a dividend on Friday, September 20th, Fidelity reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.0489 per share by the oil and gas company on Tuesday, October 15th. The ex-dividend date is Friday, September 27th.

Cross Timbers Royalty Trust has decreased its dividend by an average of 1.1% annually over the last three years.

Shares of NYSE:CRT traded up $0.23 during midday trading on Friday, reaching $9.40. The company’s stock had a trading volume of 25,150 shares, compared to its average volume of 23,940. The firm has a 50 day moving average of $9.82 and a 200-day moving average of $11.44. The firm has a market capitalization of $55.02 million, a P/E ratio of 7.64 and a beta of 0.88. Cross Timbers Royalty Trust has a 12-month low of $9.00 and a 12-month high of $15.49.

Cross Timbers Royalty Trust (NYSE:CRT) last released its earnings results on Wednesday, August 7th. The oil and gas company reported $0.29 earnings per share for the quarter. The firm had revenue of $1.86 million for the quarter. Cross Timbers Royalty Trust had a net margin of 92.72% and a return on equity of 84.28%.

About Cross Timbers Royalty Trust

Cross Timbers Royalty Trust is an express trust, which operates as a trustee of Southwest Bank. It is created to collect and distribute monthly net profits income to unitholders. It has interest in certain royalty and overriding royalty interest properties in Texas, Oklahoma and New Mexico. The firm also has interest in certain working interest properties in Texas and Oklahoma.

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Dividend History for Cross Timbers Royalty Trust (NYSE:CRT)

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