Cross Timbers Royalty Trust (NYSE:CRT) Announces Dividend Increase – $0.09 Per Share

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Monday, November 18th,Wall Street Journal reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.0927 per share by the oil and gas company on Friday, December 13th. This represents a $1.11 dividend on an annualized basis and a yield of 10.06%. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from Cross Timbers Royalty Trust’s previous monthly dividend of $0.06.

Cross Timbers Royalty Trust has increased its dividend by an average of 35.2% annually over the last three years.

Cross Timbers Royalty Trust Stock Performance

Shares of Cross Timbers Royalty Trust stock opened at $11.06 on Thursday. Cross Timbers Royalty Trust has a 1 year low of $8.88 and a 1 year high of $20.47. The firm’s 50-day simple moving average is $10.50 and its 200-day simple moving average is $10.87. The firm has a market cap of $66.33 million, a PE ratio of 9.87 and a beta of 0.53.

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.