Cross Timbers Royalty Trust (NYSE:CRT) Increases Dividend to $0.05 Per Share

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Tuesday, February 17th. Stockholders of record on Friday, February 27th will be given a dividend of 0.0501 per share by the oil and gas company on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Friday, February 27th. This is a 52.1% increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.03.

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

Cross Timbers Royalty Trust Trading Down 0.9%

Shares of CRT traded down $0.08 during trading hours on Tuesday, reaching $8.57. The company had a trading volume of 31,609 shares, compared to its average volume of 25,168. Cross Timbers Royalty Trust has a 12-month low of $7.07 and a 12-month high of $13.31. The firm has a 50 day simple moving average of $8.25 and a 200-day simple moving average of $8.20. The company has a market capitalization of $51.41 million, a price-to-earnings ratio of 11.43 and a beta of 0.12.

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.