CRT dividend – Cross Timbers Royalty Trust Declares Dividend Cut of 24.3%
May 26, 2023
Trending News ☀️
Cross Timbers Royalty ($NYSE:CRT) Trust (CRT) has recently declared a dividend cut of 24.3%. The monthly dividend payment will now be $0.1851 per share, marking a reduction from the previous dividend of $0.2447. This decision was made in order to meet current market conditions and ensure the trust’s long-term growth. Cross Timbers Royalty Trust is a publicly traded royalty trust that was created to provide investors with a monthly dividend income stream from its ownership interest in oil and natural gas properties in the United States.
CRT holds royalty interests in a variety of properties located in the Anadarko and Permian Basins, as well as the Gulf Coast area. The trust’s goal is to generate income for investors through its diversified portfolio of properties.
Dividends – CRT dividend
Cross Timbers Royalty Trust recently announced that they are cutting their annual dividend per share by 24.3%. The Trust has issued yearly dividends of 2.28 USD, 1.96 USD, and 1.11 USD in the last three years. As a result of the recent dividend cut, the expected dividend yields from 2021 to 2023 are 11.23%, 10.79%, and 10.39%. With an average dividend yield of 10.8%, the Cross Timbers Royalty Trust is an attractive option for those who are seeking to diversify their portfolio with dividend stocks.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CRT. More…
| Total Revenues | Net Income | Net Margin |
| 14.45 | 13.7 | 94.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CRT. More…
| Operations | Investing | Financing |
| 5.46 | – | -6.05 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CRT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.91 | 2.08 | 2.24 |
Key Ratios Snapshot
Some of the financial key ratios for CRT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 29.7% | 31.9% | 94.6% |
| FCF Margin | ROE | ROA |
| 82.5% | 54.6% | 174.0% |
Analysis
After a thorough examination of the firm’s financials, we have determined that the Risk Rating for this company is quite high, making it a risky investment. We have also detected two risk warnings in the balance sheet and financial journal, which could indicate that the company could be facing financial difficulties. With GoodWhale’s powerful analytical tools, you can quickly and easily keep tabs on the latest developments in the company’s finances. So if you’re looking to invest in CROSS TIMBERS ROYALTY TRUST, make sure to register on goodwhale.com to keep an eye out for any potential red flags. More…
Peers
The oil and gas industry is a highly competitive field, with many players vying for market share. Cross Timbers Royalty Trust is no exception, with competitors such as Sabine Royalty Trust, VOC Energy Trust, and Pacific Coast Oil Trust all competing for a piece of the pie. As the market changes, these entities must all strive to stay ahead of the competition by providing quality services and products to their customers.
– Sabine Royalty Trust ($NYSE:SBR)
The Sabine Royalty Trust is a publicly-traded trust that owns royalty interests in oil and gas properties located in the United States. It has a market cap of 1.2 billion as of 2022, making it one of the larger trusts in this sector. The trust has a return on equity of 628.33%, indicating that the trust is performing well and is able to generate a healthy return for its shareholders. The trust primarily invests in royalties from oil and natural gas production, which it collects from its properties and distributes to its shareholders. This provides a steady source of income for investors and provides them with a reliable return on their investments.
– VOC Energy Trust ($NYSE:VOC)
VOC Energy Trust is a publicly traded company that is primarily engaged in the acquisition and exploitation of oil and natural gas properties in the United States. With a market cap of 158.44M, VOC Energy Trust is one of the larger publicly traded companies in the sector. The company has a Return on Equity (ROE) of 4.06%, which is below the industry average. This indicates that the company may be using its equity resources more efficiently and effectively than its peers. VOC Energy Trust’s focus on cost-effective exploitation and production of oil and gas properties has enabled it to maintain a strong financial position and provide returns for its shareholders.
– Pacific Coast Oil Trust ($OTCPK:ROYTL)
Pacific Coast Oil Trust is an independent energy trust focused on providing stable, long-term cash flows to its shareholders through the acquisition and development of crude oil and natural gas assets. The company has a market cap of 3.86M as of 2022, which is relatively small compared to other energy trusts. Despite its small size, the company has been able to generate a respectable Return on Equity of 4.0%, indicating that it is profitable and able to generate returns for its shareholders.
Summary
Cross Timbers Royalty Trust is a Texas-based trust that invests primarily in oil and natural gas royalty interests located in Texas, Oklahoma, and New Mexico. Recently, the trust announced a dividend of $0.1851 per share for the month of October, a 24.3% decrease from the previous dividend of $0.2447 per share. Despite the reduced dividend, the stock price moved up the same day. This could indicate that investors remain optimistic about the company’s future potential. Analysts recommend investors take a long-term approach when investing in Cross Timbers Royalty Trust as they believe the dividend will eventually recover.
Additionally, analysts suggest investors monitor trends within the oil and natural gas industry, as fluctuations in price can greatly impact the trust’s profitability.
Related Posts
Recent Posts
