Cross Timbers Royalty Trust (CRT) recently announced a cash dividend of $0.081 per share, set to be distributed on Jun 13, 2025, following the ex-dividend date on May 30, 2025. This figure is notably lower than the average of the last ten dividends, which stood at $0.161 per share. The previous dividend, distributed on May 14, 2025, was $0.032 per share, also designated as a cash dividend.
Recently,
declared a monthly cash dividend of CAD 0.081 per share for May, marking a significant rise from the previous months. This announcement has led to a surge in the stock's performance over the past week. Analysts have indicated that CRT's stock is expected to experience a short-term decline of approximately 8.17% over the next three months, maintaining a likely price range between $8.55 and higher based on historical data. Furthermore, CRT's dividend growth has shown a promising trend, with various growth rates such as the one-year growth rate and longer-term compound annual growth rates (CAGR) reflecting the company's commitment to enhancing shareholder returns. The company, with a dividend yield of 8.88% over the past year, has paid $0.91 per share in dividends annually, highlighting its consistent monthly distribution pattern.
The recent updates underscore Cross Timbers Royalty Trust's strategic financial maneuvers and its impact on market dynamics. With the ex-dividend date set for May 30, 2025, investors should be aware that this date marks the last opportunity to purchase
stocks and be eligible for the upcoming dividend payout. Any acquisitions made after this date will not qualify for the dividend distribution.
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