CRT raises its monthly dividend 11.48% to $0.068 per share

Cross Timbers Royalty Trust (CRT) has announced a monthly dividend increase of 11.48%, raising its payout to $0.0680 per share. The new dividend will be paid to shareholders of record as of the ex-dividend date, which is set for August 31, 2026. This marks the latest in a series of monthly distributions from the trust, which have fluctuated over the past several months.

The numbers

According to market data, CRT's previous monthly payment was $0.0610 per share, making the new payment a clear raise. The trust's recent payment history shows variability: payments from March through August 2026 were $0.001, $0.07, $0.03, $0.044, $0.061, and now $0.068. At the current stock price of $10.45, the new annualized dividend rate of $0.816 per share (based on the latest monthly payment) implies a trailing twelve-month (TTM) yield of 5.89%, with TTM dividends per share at $0.6160. However, CRT's five-year dividend compound annual growth rate (CAGR) is -0.8%, and the trust has not recorded consecutive years of dividend increases.

What it means for income investors

For income-focused investors, the new monthly payment of $0.068 per share translates to an annualized income of $8.16 per 100 shares, based on the current rate. This raise, while modest, provides a slight boost to monthly cash flow. However, given the trust's historical volatility and negative long-term growth trend, investors should consider the sustainability of distributions when evaluating CRT as part of an income portfolio.

Reporting based on: DividendSmart market data. Figures verified against market data where available.