CT Real Estate Investment Trust (TSE:CRT) announced a monthly dividend on Tuesday, August 15th, Zacks reports. Investors of record on Thursday, August 31st will be paid a dividend of 0.047 per share on Friday, September 15th. This represents a $0.56 annualized dividend and a yield of Infinity. The ex-dividend date is Tuesday, August 29th. This is a positive change from CT Real Estate Investment Trust’s previous monthly dividend of $0.05.

Separately, Desjardins restated a “hold” rating on shares of CT Real Estate Investment Trust in a research note on Thursday, August 3rd.

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About CT Real Estate Investment Trust

Cross Timbers Royalty Trust is an express trust. The net profits interests are the principal asset of the Trust. The net profits interests consist of approximately 90% net profits interests, which are carved from producing royalty and overriding royalty interest properties in Texas, Oklahoma and New Mexico, and 11.11% nonparticipating royalty interests in non-producing properties located primarily in Texas and Oklahoma.

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