Cross Timbers Royalty Trust (CRT) To Go Ex-Dividend on March 31st

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Friday, March 21st, NASDAQ Dividends reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.1567 per share by the oil and gas company on Monday, April 14th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 15.26%. The ex-dividend date of this dividend is Monday, March 31st. This is a 243.7% increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.05.

Cross Timbers Royalty Trust has decreased its dividend by an average of 8.0% per year over the last three years.

Cross Timbers Royalty Trust Stock Up 4.8 %

Shares of CRT opened at $12.33 on Friday. Cross Timbers Royalty Trust has a 12-month low of $8.88 and a 12-month high of $14.98. The stock has a market cap of $73.95 million, a PE ratio of 11.00 and a beta of 0.52. The business has a 50-day simple moving average of $10.88 and a two-hundred day simple moving average of $10.46.

Cross Timbers Royalty Trust (NYSE:CRT) last announced its quarterly earnings results on Thursday, March 27th. The oil and gas company reported $0.22 earnings per share for the quarter. The company had revenue of $1.48 million during the quarter. Cross Timbers Royalty Trust had a return on equity of 262.62% and a net margin of 88.08%.

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.