Cross Timbers Royalty Trust (NYSE:CRT) Share Price Passes Above 50-Day Moving Average – What’s Next?

Cross Timbers Royalty Trust (NYSE:CRT) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.27 and traded as high as $10.28. Cross Timbers Royalty Trust shares last traded at $9.80, with a volume of 33,999 shares trading hands.

Cross Timbers Royalty Trust Price Performance

The stock has a market cap of $59.52 million, a PE ratio of 8.86 and a beta of 0.53. The business has a fifty day moving average of $10.27 and a 200 day moving average of $11.02.

Cross Timbers Royalty Trust Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.0646 per share. This represents a $0.78 dividend on an annualized basis and a yield of 7.81%. The ex-dividend date was Thursday, October 31st. Cross Timbers Royalty Trust’s dividend payout ratio is presently 69.64%.

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.