Cross Timbers Royalty Trust (NYSE:CRT) to Issue $0.06 Dividend

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) declared a dividend on Friday, December 20th,NASDAQ Dividends reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.0623 per share by the oil and gas company on Wednesday, January 15th. The ex-dividend date is Tuesday, December 31st.

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

Cross Timbers Royalty Trust Stock Performance

Shares of CRT traded up $0.26 during midday trading on Friday, hitting $9.61. 42,543 shares of the company traded hands, compared to its average volume of 33,861. The stock has a market cap of $57.66 million, a price-to-earnings ratio of 8.58 and a beta of 0.55. The firm has a 50 day moving average of $10.40 and a 200-day moving average of $10.41. Cross Timbers Royalty Trust has a 52 week low of $8.88 and a 52 week high of $18.72.

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.