San Juan Basin Royalty Trust Plans Monthly Dividend of $0.07 (SJT)
San Juan Basin Royalty Trust (NYSE:SJT) declared a monthly dividend on Monday, October 23rd, Wall Street Journal reports. Investors of record on Tuesday, October 31st will be paid a dividend of 0.0727 per share by the oil and gas producer on Tuesday, November 14th. This represents a $0.87 annualized dividend and a dividend yield of 11.44%. The ex-dividend date is Monday, October 30th.
San Juan Basin Royalty Trust has decreased its dividend payment by an average of 28.6% annually 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 down 1.68% during trading on Monday, hitting $7.63. The company had a trading volume of 192,713 shares. The stock’s 50-day moving average is $7.61 and its 200 day moving average is $7.19. The firm has a market capitalization of $355.62 million, a P/E ratio of 13.77 and a beta of -0.41. San Juan Basin Royalty Trust has a 52-week low of $5.51 and a 52-week high of $8.49.
San Juan Basin Royalty Trust (NYSE:SJT) last announced its quarterly earnings data on Wednesday, August 9th. The oil and gas producer reported $0.13 EPS for the quarter. The firm had revenue of $6.45 million during the quarter. San Juan Basin Royalty Trust had a net margin of 92.24% and a return on equity of 337.99%.
Separately, BidaskClub downgraded shares of San Juan Basin Royalty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th.
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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