Cross Timbers Royalty Trust (NYSE:CRT) Posts Quarterly Earnings Results

Cross Timbers Royalty Trust (NYSE:CRT) released its quarterly earnings data on Thursday. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, Zacks reports. Cross Timbers Royalty Trust had a net margin of 88.08% and a return on equity of 262.62%.

Cross Timbers Royalty Trust Stock Up 1.5 %

CRT stock traded up $0.18 during midday trading on Thursday, reaching $11.93. 13,667 shares of the company’s stock traded hands, compared to its average volume of 31,974. Cross Timbers Royalty Trust has a 52 week low of $8.88 and a 52 week high of $14.98. The company has a market cap of $71.58 million, a price-to-earnings ratio of 10.65 and a beta of 0.52. The firm’s fifty day moving average price is $10.81 and its 200-day moving average price is $10.42.

Cross Timbers Royalty Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be issued a $0.1567 dividend. This is a boost from Cross Timbers Royalty Trust’s previous monthly dividend of $0.05. This represents a $1.88 dividend on an annualized basis and a dividend yield of 15.76%. The ex-dividend date is Monday, March 31st. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is currently 167.86%.

About Cross Timbers Royalty Trust

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.