Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.13 and traded as low as $10.00. Cross Timbers Royalty Trust shares last traded at $10.17, with a volume of 22,744 shares traded.
Cross Timbers Royalty Trust Price Performance
The firm's fifty day moving average is $10.13 and its 200 day moving average is $10.16. The firm has a market capitalization of $59.58 million, a price-to-earnings ratio of 8.87 and a beta of 0.56.
Cross Timbers Royalty Trust Cuts Dividend
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.0623 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.75 annualized dividend and a dividend yield of 7.52%. Cross Timbers Royalty Trust's dividend payout ratio is 66.07%.
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.
Further Reading
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