Cross Timbers Royalty: Dividend Insights
Portfolio Pulse from Benzinga Insights
Cross Timbers Royalty (NYSE:CRT) has announced a monthly dividend of 9.07 cents per share. The stock will go ex-dividend on Thursday, meaning it will trade lower to reflect the payout. Shareholders owning CRT by the end of Wednesday's session will be eligible for the dividend, which will be paid out on October 16, 2023.
September 25, 2023 | 2:45 pm
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Cross Timbers Royalty's announcement of a 9.07 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this could attract dividend investors, potentially stabilizing the price.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which could lead to a short-term decrease in CRT's stock price. However, the announcement of a dividend can attract investors who are interested in dividend yields, which could potentially stabilize the stock price in the short term.
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