Cross Timbers Royalty Trust (NYSE:CRT) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Cross Timbers Royalty Trust (NYSE:CRT) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.13 and traded as low as $10.00. Cross Timbers Royalty Trust shares last traded at $10.17, with a volume of 22,744 shares traded.

Cross Timbers Royalty Trust Trading Down 2.2 %

The firm has a market cap of $59.58 million, a P/E ratio of 8.87 and a beta of 0.56. The company’s 50-day moving average is $10.12 and its two-hundred day moving average is $10.16.

Cross Timbers Royalty Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.0623 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.75 annualized dividend and a yield of 7.52%. Cross Timbers Royalty Trust’s dividend payout ratio (DPR) is currently 66.07%.

About Cross Timbers Royalty Trust

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.