Cross Timbers Royalty Trust (NYSE:CRT) Announces Dividend Increase - $0.16 Per Share

Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) declared a monthly dividend on Friday, March 21st, NASDAQ Dividends reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.1567 per share by the oil and gas company on Monday, April 14th. This represents a $1.88 annualized dividend and a yield of 15.99%. The ex-dividend date of this dividend is Monday, March 31st. This is a 243.7% increase from Cross Timbers Royalty Trust's previous monthly dividend of $0.05.

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

Cross Timbers Royalty Trust Stock Performance

Shares of CRT stock traded down $0.39 on Wednesday, hitting $11.77. The company's stock had a trading volume of 47,693 shares, compared to its average volume of 28,244. Cross Timbers Royalty Trust has a fifty-two week low of $8.88 and a fifty-two week high of $14.98. The company has a market capitalization of $70.59 million, a PE ratio of 10.50 and a beta of 0.52. The stock's 50 day moving average is $10.78 and its 200-day moving average is $10.41.

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.