Cross Timbers Royalty Trust (CRT) Announces $0.08 Dividend
Cross Timbers Royalty Trust (NYSE:CRT) announced a dividend on Monday, December 18th, NASDAQ reports. Stockholders 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. The ex-dividend date is Thursday, December 28th.
Cross Timbers Royalty Trust has decreased its dividend payment by an average of 23.9% per year over the last three years.
Cross Timbers Royalty Trust (NYSE CRT) traded down $0.09 on Tuesday, hitting $14.21. The stock had a trading volume of 32,200 shares, compared to its average volume of 14,851. The stock has a market capitalization of $85.26, a price-to-earnings ratio of 13.62 and a beta of 0.61. Cross Timbers Royalty Trust has a one year low of $14.10 and a one year high of $19.21.
About Cross Timbers Royalty Trust
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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