Cross Timbers Royalty Trust (NYSE:CRT) Raises Dividend to $0.09 Per Share

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Monday, November 18th,Wall Street Journal reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.0927 per share by the oil and gas company on Friday, December 13th. This represents a $1.11 dividend on an annualized basis and a yield of 11.10%. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.06.

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

Cross Timbers Royalty Trust Price Performance

CRT traded down $0.13 during trading on Tuesday, reaching $10.02. The company had a trading volume of 19,483 shares, compared to its average volume of 34,202. The business’s fifty day moving average price is $10.30 and its 200 day moving average price is $10.98. Cross Timbers Royalty Trust has a 12 month low of $8.88 and a 12 month high of $20.50. The company has a market cap of $60.12 million, a P/E ratio of 8.96 and a beta of 0.53.

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.