San Juan Basin Royalty Trust Declares Monthly Dividend of $0.04 (SJT)
San Juan Basin Royalty Trust (NYSE:SJT) announced a monthly dividend on Tuesday, November 20th, Wall Street Journal reports. Investors of record on Friday, November 30th will be paid a dividend of 0.0374 per share by the oil and gas producer on Friday, December 14th. This represents a $0.45 annualized dividend and a dividend yield of 7.76%. The ex-dividend date of this dividend is Thursday, November 29th.
San Juan Basin Royalty Trust has decreased its dividend payment by an average of 13.9% per year over the last three years and has increased its dividend annually for the last 4 consecutive years.
Shares of SJT stock traded down $0.03 during trading on Tuesday, hitting $5.78. The company had a trading volume of 196,107 shares, compared to its average volume of 205,666. San Juan Basin Royalty Trust has a one year low of $4.50 and a one year high of $10.54.
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 829.8 net wells.
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