Cross Timbers Royalty Trust (NYSE:CRT) Announces Earnings Results

Cross Timbers Royalty Trust (NYSE:CRT) released its quarterly earnings data on Thursday. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, Zacks reports. Cross Timbers Royalty Trust had a return on equity of 262.62% and a net margin of 88.08%. The firm had revenue of $1.48 million for the quarter.

Cross Timbers Royalty Trust Price Performance

CRT stock opened at $11.73 on Friday. Cross Timbers Royalty Trust has a one year low of $8.88 and a one year high of $14.98. The stock has a market cap of $70.40 million, a price-to-earnings ratio of 10.48 and a beta of 0.52. The company has a fifty day moving average price of $10.84 and a two-hundred day moving average price of $10.43.

Cross Timbers Royalty Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a $0.1567 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 16.03%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Cross Timbers Royalty Trust’s previous monthly dividend of $0.05. Cross Timbers Royalty Trust’s dividend payout ratio is 167.86%.

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.