Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) announced its quarterly earnings data on Thursday. The oil and gas company reported $0.22 EPS for the quarter, Zacks reports. Cross Timbers Royalty Trust had a return on equity of 262.62% and a net margin of 88.08%. The firm had revenue of $1.48 million during the quarter.
Cross Timbers Royalty Trust Price Performance
Shares of NYSE CRT traded up $1.00 during mid-day trading on Monday, reaching $13.17. 91,044 shares of the company's stock traded hands, compared to its average volume of 32,225. The business has a 50-day simple moving average of $10.88 and a 200 day simple moving average of $10.47. The stock has a market cap of $79.02 million, a P/E ratio of 11.76 and a beta of 0.52. Cross Timbers Royalty Trust has a 1-year low of $8.88 and a 1-year high of $14.98.
Cross Timbers Royalty Trust Increases Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.1567 per share. This is an increase from Cross Timbers Royalty Trust's previous monthly dividend of $0.05. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 14.28%. Cross Timbers Royalty Trust's dividend payout ratio is presently 167.86%.
About Cross Timbers Royalty Trust
(
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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.
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