Cross Timbers Royalty Trust (NYSE:CRT) Raises Dividend to $0.14 Per Share

Cross Timbers Royalty Trust (NYSE:CRT) declared a monthly dividend on Friday, April 19th, investing.com reports. Shareholders of record on Tuesday, April 30th will be paid a dividend of 0.1359 per share by the oil and gas company on Tuesday, May 14th. This represents a $1.63 dividend on an annualized basis and a yield of 11.31%. The ex-dividend date is Monday, April 29th. This is an increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.10.

Cross Timbers Royalty Trust has raised its dividend by an average of 35.2% per year over the last three years.

Cross Timbers Royalty Trust Price Performance

Shares of CRT stock opened at $14.41 on Friday. The company has a market capitalization of $86.49 million, a P/E ratio of 7.47 and a beta of 0.59. The company’s 50-day simple moving average is $15.30 and its two-hundred day simple moving average is $17.28. Cross Timbers Royalty Trust has a one year low of $12.50 and a one year high of $26.10.

Hedge Funds Weigh In On Cross Timbers Royalty Trust

Hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC bought a new position in shares of Cross Timbers Royalty Trust during the first quarter valued at approximately $780,000. UBS Group AG boosted its stake in shares of Cross Timbers Royalty Trust by 9.3% during the first quarter. UBS Group AG now owns 13,425 shares of the oil and gas company’s stock valued at $176,000 after purchasing an additional 1,138 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Cross Timbers Royalty Trust by 54.9% during the first quarter. Bank of America Corp DE now owns 6,374 shares of the oil and gas company’s stock valued at $83,000 after purchasing an additional 2,260 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Cross Timbers Royalty Trust by 20.9% during the second quarter. LPL Financial LLC now owns 13,010 shares of the oil and gas company’s stock valued at $197,000 after purchasing an additional 2,251 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Cross Timbers Royalty Trust during the third quarter valued at approximately $216,000. 9.74% of the stock is currently owned by institutional investors.

Cross Timbers Royalty Trust Company Profile

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.