Dividend Yield: 10.47%
They’re a relatively rare breed these days, but oil and gas royalty investments are still around and still dishing out dividend income. Cross Timbers Royalty Trust is one of the remaining names of the ilk.
An investment in Cross Timbers is predominantly [an investment in oil and gas producing properties] found in Texas, Oklahoma and New Mexico. Yes, the fluctuating price of oil and natural gas can impact the trust’s bottom line, although not as much as you might think.
The organization is merely plugged into the production of established and operational wells, and isn’t directly taking on the expensive risk of exploration.