Cross Timbers Royalty Trust
CRTEnergy · Stock · monthly payer
Forward Yield
5.48%
Annual Dividend
$0.65
Payout Ratio
100%
5-Yr Growth
-10.7%
Ex-Date
Sep 30, 2026
Frequency
Monthly
Summary
As of September 2026, Cross Timbers Royalty Trust (CRT) yields 5.48% ($0.65 per share annually), with a blended fair-value estimate of $6.27 — -51% downside, so it screens as overvalued. Dividend safety grade: C (60/100).
Is CRT a good dividend stock?
Yes, with caveatsCross Timbers Royalty Trust (CRT) pays a monthly dividend yielding 5.48% ($0.65/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2024
- Elevated payout ratio (100%)
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 5.48%
- Payout Ratio
- 100%
- Annual Dividend
- $0.65
- 5-Yr Avg Growth
- -10.7%
- Ex-Dividend Date
- Sep 30, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- -0.03
- Market Cap
- $74.1M
- P/E Ratio
- 23.3
- 5-Yr Total Return
- -7%
- 52-Week Range
- $7.07 – $13.15
- Dividend Safety
- C · 60/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
CRT Price — Last 12 Months
Daily close
Price Return
1 Year
+70%
3 Years
-28%
5 Years
-7%
52-Week Range
$7.07 – $13.15
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CRT worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Cross Timbers Royalty Trust is $6.27 per share, versus a market price of $12.75. That implies 51% of downside.
Fair Value
$6.27
Current Price
$12.75
Downside
-51%
Margin of Safety
-103%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.53 EPS, $0.65 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CRT Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full CRT dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 31, 2026 | — | $0.0680 | regular |
| Jul 31, 2026 | — | $0.0610 | regular |
| Jun 30, 2026 | — | $0.0440 | regular |
| May 29, 2026 | — | $0.0300 | regular |
| Apr 30, 2026 | — | $0.0700 | regular |
| Mar 31, 2026 | — | $0.0010 | regular |
| Feb 27, 2026 | — | $0.0500 | regular |
| Jan 30, 2026 | — | $0.0330 | regular |
| Dec 31, 2025 | — | $0.1150 | regular |
| Nov 28, 2025 | — | $0.0370 | regular |
| Oct 31, 2025 | — | $0.0750 | regular |
| Sep 30, 2025 | — | $0.0320 | regular |
| Aug 29, 2025 | — | $0.0130 | regular |
| Jul 31, 2025 | — | $0.0300 | regular |
Income Calculator
At $0.65 / yr per share
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