San Juan Basin Royalty Trust (NYSE:SJT – Get Rating) announced a monthly dividend on Friday, May 20th, Zacks reports. Shareholders of record on Tuesday, May 31st will be given a dividend of 0.092 per share by the oil and gas producer on Tuesday, June 14th. This represents a $1.10 annualized dividend and a yield of 9.17%. The ex-dividend date is Friday, May 27th. This is a positive change from San Juan Basin Royalty Trust’s previous monthly dividend of $0.08.
San Juan Basin Royalty Trust has increased its dividend by an average of 26.0% annually over the last three years.
SJT opened at $12.04 on Friday. The business has a 50-day moving average of $9.54 and a two-hundred day moving average of $7.68. San Juan Basin Royalty Trust has a 12 month low of $3.75 and a 12 month high of $12.39.
Separately, StockNews.com started coverage on San Juan Basin Royalty Trust in a report on Thursday, March 31st. They issued a “hold” rating for the company.
San Juan Basin Royalty Trust Company Profile (Get Rating)
San Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest carved out of Southland's oil and natural gas interests (the Subject Interests) in properties located in the San Juan Basin in northwestern New Mexico. The Subject Interests consist of working interests, royalty interests, overriding royalty interests, and other contractual rights in 119,000 net producing acres in San Juan, Rio Arriba, and Sandoval Counties of northwestern New Mexico, as well as 1,140.0 net wells.
- Get a free copy of the StockNews.com research report on San Juan Basin Royalty Trust (SJT)
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