San Juan Basin Royalty Trust (NYSE:SJT) Increases Dividend to $0.09 Per Share

San Juan Basin Royalty Trust (NYSE:SJTGet 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.

Large investors have recently modified their holdings of the company. US Bancorp DE purchased a new stake in shares of San Juan Basin Royalty Trust during the 1st quarter worth about $35,000. BlackRock Inc. grew its holdings in shares of San Juan Basin Royalty Trust by 423.1% during the 1st quarter. BlackRock Inc. now owns 8,976 shares of the oil and gas producer’s stock worth $79,000 after purchasing an additional 7,260 shares during the period. Royal Bank of Canada grew its holdings in shares of San Juan Basin Royalty Trust by 17,272.7% during the 3rd quarter. Royal Bank of Canada now owns 9,555 shares of the oil and gas producer’s stock worth $48,000 after purchasing an additional 9,500 shares during the period. Advisor Group Holdings Inc. grew its holdings in shares of San Juan Basin Royalty Trust by 41.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 17,454 shares of the oil and gas producer’s stock worth $135,000 after purchasing an additional 5,093 shares during the period. Finally, Jane Street Group LLC grew its holdings in shares of San Juan Basin Royalty Trust by 58.4% during the 3rd quarter. Jane Street Group LLC now owns 20,356 shares of the oil and gas producer’s stock worth $103,000 after purchasing an additional 7,504 shares during the period.

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.

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Dividend History for San Juan Basin Royalty Trust (NYSE:SJT)

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