Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) announced a monthly dividend on Thursday, June 18th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.0442 per share by the oil and gas company on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Tuesday, June 30th. This is a 49.2% increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.03.
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 Price Performance
Cross Timbers Royalty Trust stock opened at $8.86 on Friday. Cross Timbers Royalty Trust has a one year low of $7.07 and a one year high of $11.10. The company’s fifty day moving average price is $10.56 and its two-hundred day moving average price is $9.45. The company has a market capitalization of $53.16 million, a price-to-earnings ratio of 16.41 and a beta of -0.04.
Cross Timbers Royalty Trust Company Profile
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.
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