Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Monday, December 18th, NASDAQ reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.078 per share by the oil and gas company on Tuesday, January 16th. This represents a $0.94 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date of this dividend is Thursday, December 28th.
Cross Timbers Royalty Trust has decreased its dividend by an average of 23.9% per year over the last three years.
Cross Timbers Royalty Trust (CRT) traded down $0.02 during mid-day trading on Wednesday, reaching $14.64. 25,900 shares of the company’s stock were exchanged, compared to its average volume of 15,023. Cross Timbers Royalty Trust has a fifty-two week low of $14.10 and a fifty-two week high of $19.00. The stock has a market cap of $87.84, a PE ratio of 13.81 and a beta of 0.61.
Cross Timbers Royalty Trust Company Profile
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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