Cross Timbers Royalty Trust (CRT) to Issue Monthly Dividend of $0.08 on November 17th

Cross Timbers Royalty Trust (NYSE:CRT) announced a monthly dividend on Tuesday, October 21st. Stockholders of record on Friday, October 31st will be given a dividend of 0.0752 per share by the oil and gas company on Monday, November 17th. This represents a c) annualized dividend and a dividend yield of 12.4%. The ex-dividend date is Friday, October 31st. This is a 136.8% increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.03.

Cross Timbers Royalty Trust Stock Up 2.2%

Shares of NYSE:CRT opened at $7.29 on Thursday. Cross Timbers Royalty Trust has a twelve month low of $7.07 and a twelve month high of $13.31. The stock’s 50 day moving average is $7.98 and its 200-day moving average is $9.22. The firm has a market capitalization of $43.71 million, a price-to-earnings ratio of 7.92 and a beta of 0.09.

Cross Timbers Royalty Trust (NYSE:CRT) last released its quarterly earnings data on Wednesday, August 13th. The oil and gas company reported $0.15 earnings per share for the quarter. Cross Timbers Royalty Trust had a net margin of 84.24% and a return on equity of 231.09%. The firm had revenue of $1.31 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Cross Timbers Royalty Trust in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Cross Timbers Royalty Trust Company Profile

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.