Cross Timbers Royalty Trust (NYSE:CRT) to Issue Monthly Dividend of $0.05

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Tuesday, February 18th,Wall Street Journal reports. Investors of record on Friday, February 28th will be paid a dividend of 0.0456 per share by the oil and gas company on Friday, March 14th. This represents a $0.55 annualized dividend and a yield of 4.88%. The ex-dividend date is Friday, February 28th.

Cross Timbers Royalty Trust has decreased its dividend by an average of 8.0% annually over the last three years.

Cross Timbers Royalty Trust Trading Up 3.6 %

Shares of CRT stock opened at $11.20 on Thursday. The stock has a 50 day moving average of $10.29 and a 200 day moving average of $10.25. The stock has a market cap of $67.22 million, a P/E ratio of 10.00 and a beta of 0.56. Cross Timbers Royalty Trust has a twelve month low of $8.88 and a twelve month high of $17.72.

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.