Cross Timbers Royalty Trust (CRT) to Issue Monthly Dividend of $0.07 on May 14th

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Monday, April 20th. Investors of record on Thursday, April 30th will be paid a dividend of 0.0697 per share by the oil and gas company on Thursday, May 14th. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Thursday, April 30th. This is a 7,453.6% increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.000923.

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 Price Performance

Shares of Cross Timbers Royalty Trust stock opened at $10.60 on Wednesday. Cross Timbers Royalty Trust has a 1 year low of $7.07 and a 1 year high of $11.10. The business has a 50 day moving average price of $9.76 and a 200 day moving average price of $8.71. The company has a market capitalization of $63.57 million, a P/E ratio of 13.94 and a beta of 0.03.

Cross Timbers Royalty Trust (NYSE:CRT) last announced its earnings results on Friday, March 27th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter. The firm had revenue of $1.64 million for the quarter. Cross Timbers Royalty Trust had a net margin of 77.77% and a return on equity of 198.98%.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Cross Timbers Royalty Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.