Cross Timbers Royalty Trust (NYSE:CRT) announced a monthly dividend on Friday, January 19th, Zacks reports. Shareholders of record on Wednesday, January 31st will be paid a dividend of 0.107 per share by the oil and gas company on Wednesday, February 14th. This represents a $1.28 dividend on an annualized basis and a yield of 8.71%. The ex-dividend date of this dividend is Tuesday, January 30th. This is a positive change from Cross Timbers Royalty Trust’s previous monthly dividend of $0.08.
Cross Timbers Royalty Trust has decreased its dividend by an average of 27.1% per year over the last three years.
Shares of Cross Timbers Royalty Trust (NYSE CRT) traded up $0.25 during trading on Friday, reaching $14.74. 27,635 shares of the company traded hands, compared to its average volume of 19,186. The company has a market cap of $86.88, a P/E ratio of 13.80 and a beta of 0.52. Cross Timbers Royalty Trust has a one year low of $14.09 and a one year high of $17.33.
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About Cross Timbers Royalty Trust
Cross Timbers Royalty Trust is an express trust. The net profits interests are the principal asset of the Trust. The net profits interests consist of approximately 90% net profits interests, which are carved from producing royalty and overriding royalty interest properties in Texas, Oklahoma and New Mexico, and 11.11% nonparticipating royalty interests in non-producing properties located primarily in Texas and Oklahoma.
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