Cross Timbers Royalty Trust(NYSE:CRT) Declares Dividend of $0.0887.

Cross Timbers Royalty Trust (NYSE:CRT) had declared a cash dividend of $0.0887 on Aug 19, 2016. The shares will quote ex-dividend on Aug 29, 2016 and the record date has been fixed for Aug 31, 2016. On Aug 19, 2016 share price, the yield comes out to be 5.5933%. The dividend payable date has been fixed on Sep 15, 2016.

Cross Timbers Royalty Trust (CRT) shares turned negative on Mondays trading session with the shares closing down -0.2513 points or -1.32% at a volume of 13,070. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.32. The peak price level was also seen at $19.32 while the days lowest was $18.59. Finally the shares closed at $18.8. The 52-week high of the shares is $20.5898 while the 52-week low is $12. According to the latest information available, the market cap of the company is $113 M.

Cross Timbers Royalty Trust is an express Trust. The net profits interests are the principal asset of the Trust. The net profits interests comprise the 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 and the 75% net profits interests which are carved from working interests in four properties in Texas and three properties in Oklahoma. The Trust receives net profits which is determined by XTO Energy by multiplying the net profit percentage (90% or 75%) times net proceeds from the underlying properties for each conveyance during the previous month. All underlying royalties underlying non-producing royalties and underlying working interest properties are owned by XTO Energy Inc. (XTO Energy).

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