Cross Timbers Royalty Trust (NYSE:CRT) Raises Dividend to $0.14 Per Share

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Friday, April 19th, investing.com reports. Stockholders of record on Tuesday, April 30th will be paid a dividend of 0.1359 per share by the oil and gas company on Tuesday, May 14th. This represents a $1.63 annualized dividend and a dividend yield of 11.38%. The ex-dividend date of this dividend is Monday, April 29th. This is an increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.10.

Cross Timbers Royalty Trust has raised its dividend payment by an average of 35.2% per year over the last three years.

Cross Timbers Royalty Trust Stock Up 9.1 %

Shares of CRT opened at $14.33 on Friday. The company’s fifty day moving average is $15.35 and its 200-day moving average is $17.31. Cross Timbers Royalty Trust has a 12 month low of $12.50 and a 12 month high of $26.10. The firm has a market cap of $85.98 million, a price-to-earnings ratio of 7.42 and a beta of 0.59.

Institutional Trading of Cross Timbers Royalty Trust

Large investors have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of Cross Timbers Royalty Trust by 54.9% during the 1st quarter. Bank of America Corp DE now owns 6,374 shares of the oil and gas company’s stock worth $83,000 after buying an additional 2,260 shares during the period. Citadel Advisors LLC bought a new stake in shares of Cross Timbers Royalty Trust during the 3rd quarter worth $216,000. UBS Group AG boosted its holdings in shares of Cross Timbers Royalty Trust by 4.8% during the 3rd quarter. UBS Group AG now owns 11,765 shares of the oil and gas company’s stock worth $229,000 after buying an additional 541 shares during the period. LPL Financial LLC boosted its holdings in shares of Cross Timbers Royalty Trust by 20.9% during the 2nd quarter. LPL Financial LLC now owns 13,010 shares of the oil and gas company’s stock worth $197,000 after buying an additional 2,251 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of Cross Timbers Royalty Trust by 817.7% during the 4th quarter. Morgan Stanley now owns 20,327 shares of the oil and gas company’s stock worth $517,000 after buying an additional 18,112 shares during the period. 9.74% of the stock is owned by institutional investors.

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.