Cross Timbers Royalty Trust (CRT) to Issue Monthly Dividend of $0.03 on June 12th

Cross Timbers Royalty Trust (NYSE:CRT) announced a monthly dividend on Monday, May 18th. Shareholders of record on Friday, May 29th will be given a dividend of 0.0296 per share by the oil and gas company on Friday, June 12th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, May 29th.

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 Trading Up 2.7%

NYSE:CRT opened at $10.94 on Wednesday. The firm has a market cap of $65.64 million, a P/E ratio of 20.26 and a beta of -0.02. Cross Timbers Royalty Trust has a 12 month low of $7.07 and a 12 month high of $11.10. The stock has a 50 day moving average of $10.52 and a two-hundred day moving average of $9.23.

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

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.