Cross Timbers Royalty Trust (NYSE:CRT) Declares Dividend of $0.08
Cross Timbers Royalty Trust (NYSE:CRT) announced a dividend on Friday, July 21st, Fidelity reports. Shareholders of record on Monday, July 31st will be paid a dividend of 0.0774 per share by the oil and gas company on Monday, August 14th. The ex-dividend date of this dividend is Thursday, July 27th.
Cross Timbers Royalty Trust has decreased its dividend by an average of 23.9% annually over the last three years.
Shares of Cross Timbers Royalty Trust (NYSE:CRT) traded down 1.55% during midday trading on Friday, reaching $15.01. 7,178 shares of the company’s stock traded hands. The firm has a market capitalization of $90.06 million, a P/E ratio of 16.17 and a beta of 0.61. Cross Timbers Royalty Trust has a 52-week low of $14.10 and a 52-week high of $20.00. The stock’s 50 day moving average price is $15.37 and its 200 day moving average price is $15.99.
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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