Cross Timbers Royalty Trust (NYSE:CRT) Announces Dividend Increase – $0.11 Per Share

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Friday, December 19th. Investors of record on Wednesday, December 31st will be given a dividend of 0.1147 per share by the oil and gas company on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 17.4%. The ex-dividend date is Wednesday, December 31st. This is a 210.6% increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.04.

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

Cross Timbers Royalty Trust Trading Up 0.6%

Shares of Cross Timbers Royalty Trust stock opened at $7.93 on Monday. Cross Timbers Royalty Trust has a twelve month low of $7.07 and a twelve month high of $13.31. The firm has a market capitalization of $47.55 million, a PE ratio of 10.57 and a beta of 0.12. The firm’s 50-day moving average price is $8.13 and its 200 day moving average price is $8.54.

Cross Timbers Royalty Trust (NYSE:CRT) last posted its quarterly earnings data on Thursday, November 13th. The oil and gas company reported $0.08 EPS for the quarter. Cross Timbers Royalty Trust had a return on equity of 191.25% and a net margin of 79.29%.

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.