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

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Tuesday, November 19th,Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 11.06%. The ex-dividend date is Friday, November 29th. This is a positive change from Cross Timbers Royalty Trust’s previous monthly dividend of $0.06.

Cross Timbers Royalty Trust has raised its dividend payment by an average of 35.2% per year over the last three years.

Cross Timbers Royalty Trust Trading Down 0.9 %

Shares of NYSE CRT traded down $0.09 during mid-day trading on Tuesday, reaching $10.06. The company had a trading volume of 18,478 shares, compared to its average volume of 34,198. The firm has a 50 day simple moving average of $10.27 and a two-hundred day simple moving average of $11.00. Cross Timbers Royalty Trust has a 52-week low of $8.88 and a 52-week high of $20.50. The stock has a market cap of $60.36 million, a P/E ratio of 9.13 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.