Cross Timbers Royalty Trust (NYSE:CRT) Posts Quarterly Earnings Results

Cross Timbers Royalty Trust (NYSE:CRT) released its quarterly earnings data on Thursday. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, Zacks reports. Cross Timbers Royalty Trust had a return on equity of 262.62% and a net margin of 88.08%.

Cross Timbers Royalty Trust Trading Up 0.5 %

CRT traded up $0.06 during trading hours on Thursday, hitting $11.81. The company’s stock had a trading volume of 13,884 shares, compared to its average volume of 31,975. Cross Timbers Royalty Trust has a fifty-two week low of $8.88 and a fifty-two week high of $14.98. The company has a 50-day simple moving average of $10.81 and a 200 day simple moving average of $10.42. The firm has a market capitalization of $70.87 million, a PE ratio of 10.55 and a beta of 0.52.

Cross Timbers Royalty Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a $0.1567 dividend. This is a boost from Cross Timbers Royalty Trust’s previous monthly dividend of $0.05. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 15.92%. Cross Timbers Royalty Trust’s dividend payout ratio is 167.86%.

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.