Cross Timbers Royalty Trust (NYSE:CRT) Plans Monthly Dividend of $0.06

Cross Timbers Royalty Trust (NYSE:CRT) announced a monthly dividend on Tuesday, July 21st. Stockholders of record on Friday, July 31st will be paid a dividend of 0.0614 per share by the oil and gas company on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Friday, July 31st. This is a 39.0% increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.04.

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

Cross Timbers Royalty Trust Stock Performance

CRT opened at $9.71 on Wednesday. Cross Timbers Royalty Trust has a one year low of $7.07 and a one year high of $11.10. The stock has a market capitalization of $58.29 million, a PE ratio of 17.99 and a beta of -0.03. The business’s 50 day moving average price is $9.90 and its 200 day moving average price is $9.62.

Cross Timbers Royalty Trust (NYSE:CRT) last issued its quarterly earnings data on Thursday, May 14th. The oil and gas company reported $0.08 earnings per share for the quarter. Cross Timbers Royalty Trust had a return on equity of 145.81% and a net margin of 71.40%.The company had revenue of $0.77 million during the quarter.

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.