Cross Timbers Royalty Trust (NYSE:CRT) Increases Dividend to $0.07 Per Share

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Friday, August 21st. Shareholders of record on Monday, August 31st will be given a dividend of 0.0679 per share by the oil and gas company on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date is Monday, August 31st. This is a 10.6% increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.06.

Cross Timbers Royalty Trust has decreased its dividend payment by an average of 0.0%per year over the last three years.

Cross Timbers Royalty Trust Trading Up 3.8%

NYSE:CRT opened at $10.90 on Friday. The company has a market cap of $65.40 million, a PE ratio of 20.57 and a beta of -0.05. The company has a 50 day simple moving average of $9.65 and a two-hundred day simple moving average of $9.90. Cross Timbers Royalty Trust has a 12 month low of $7.07 and a 12 month high of $11.10.

Cross Timbers Royalty Trust (NYSE:CRT) last released its quarterly earnings results on Thursday, August 13th. The oil and gas company reported $0.14 earnings per share for the quarter. Cross Timbers Royalty Trust had a return on equity of 147.68% and a net margin of 74.04%.

About Cross Timbers Royalty Trust

Cross Timbers Royalty Trust (NYSE:CRT) is a Delaware statutory trust that holds royalty interests in a portfolio of onshore oil and natural gas properties. The trust was established in June 2005 through a contribution of assets by Chesapeake Energy Corporation. It earns revenue by collecting overriding royalty and net profit interests carved out of producing leases and then distributing those receipts to its unitholders on a quarterly basis.

The underlying assets of the trust consist primarily of oil, natural gas and natural gas liquids reserves located in several Texas counties, including Erath, Stephens, Comanche and Palo Pinto.