San Juan Basin Royalty Trust Declares Dividend of $0.06 (NYSE:SJT)
San Juan Basin Royalty Trust (NYSE:SJT) announced a dividend on Friday, July 21st, Fidelity reports. Stockholders of record on Monday, July 31st will be paid a dividend of 0.0608 per share by the oil and gas producer on Monday, August 14th. The ex-dividend date is Thursday, July 27th.
San Juan Basin Royalty Trust has decreased its dividend by an average of 28.6% per year over the last three years and has increased its dividend annually for the last 3 consecutive years.
Shares of San Juan Basin Royalty Trust (SJT) traded up 4.3263% during midday trading on Friday, hitting $6.9064. The stock had a trading volume of 178,426 shares. San Juan Basin Royalty Trust has a 12-month low of $5.19 and a 12-month high of $8.00. The stock has a market cap of $321.89 million, a P/E ratio of 15.8768 and a beta of -0.46. The stock has a 50-day moving average price of $6.81 and a 200-day moving average price of $7.05.
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A number of analysts have recently commented on the company. TheStreet upgraded San Juan Basin Royalty Trust from a “c” rating to a “b-” rating in a report on Wednesday, May 31st. BidaskClub downgraded San Juan Basin Royalty Trust from a “sell” rating to a “strong sell” rating in a report on Wednesday.
San Juan Basin Royalty Trust Company Profile
San Juan Basin Royalty Trust is an express trust. The principal asset of the Trust is Royalty. Its Royalty is carved from working, royalty and other oil and natural gas interests owned by Southland Royalty Company, the predecessor to Burlington Resources Oil & Gas Company LP (Burlington), in properties located in the San Juan Basin of northwestern New Mexico (Subject Interests).
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