Crosstex Energy Inc. (XTXI) Announces Quarterly Dividend of $0.13
Crosstex Energy (NASDAQ:XTXI) declared a quarterly dividend on Friday, October 18th, Stock Ratings Network.com reports. Investors of record on Wednesday, October 30th will be given a dividend of $0.13 per share on Thursday, November 14th. This represents a $0.52 dividend on an annualized basis and a yield of 2.53%.
A number of research firms have recently commented on XTXI. Analysts at Oppenheimer initiated coverage on shares of Crosstex Energy in a research note to investors on Wednesday, September 4th. They set a “market perform” rating on the stock. Analysts at Credit Suisse cut their price target on shares of Crosstex Energy from $25.00 to $24.00 in a research note to investors on Friday, August 9th. They now have an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $21.75.
Shares of Crosstex Energy (NASDAQ:XTXI) opened at 20.54 on Friday. Crosstex Energy has a 1-year low of $11.32 and a 1-year high of $21.82. The stock has a 50-day moving average of $20.4 and a 200-day moving average of $19.76. The company’s market cap is $980.2 million.
Crosstex Energy, Inc is engaged, through its subsidiaries, in the gathering, transmission, processing and marketing of natural gas and natural gas liquids (NASDAQ:XTXI).
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