Cross Timbers Royalty Trust (NYSE:CRT) Plans Monthly Dividend of $0.16

Cross Timbers Royalty Trust (NYSE:CRTGet Rating) declared a monthly dividend on Tuesday, April 19th, Zacks reports. Shareholders of record on Friday, April 29th will be paid a dividend of 0.157 per share by the oil and gas company on Friday, May 13th. This represents a $1.88 dividend on an annualized basis and a yield of 12.42%. The ex-dividend date is Thursday, April 28th. This is a positive change from Cross Timbers Royalty Trust’s previous monthly dividend of $0.05.

Shares of NYSE CRT opened at $15.17 on Wednesday. The business’s 50 day moving average price is $14.40 and its two-hundred day moving average price is $13.53. The company has a market cap of $91.02 million, a PE ratio of 14.87 and a beta of 0.70. Cross Timbers Royalty Trust has a twelve month low of $8.85 and a twelve month high of $17.52.

A hedge fund recently raised its stake in Cross Timbers Royalty Trust stock. Wells Fargo & Company MN lifted its stake in Cross Timbers Royalty Trust (NYSE:CRTGet Rating) by 42.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,817 shares of the oil and gas company’s stock after buying an additional 10,893 shares during the period. Wells Fargo & Company MN owned approximately 0.61% of Cross Timbers Royalty Trust worth $435,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 9.88% of the company’s stock.

Separately, StockNews.com started coverage on Cross Timbers Royalty Trust in a research note on Thursday, March 31st. They issued a “hold” rating for the company.

About Cross Timbers Royalty Trust (Get Rating)

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.

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Dividend History for Cross Timbers Royalty Trust (NYSE:CRT)

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