San Juan Basin Royalty Trust (NYSE:SJT) declared a monthly dividend on Friday, February 16th, Zacks reports. Shareholders of record on Wednesday, February 28th will be paid a dividend of 0.036 per share by the oil and gas producer on Wednesday, March 14th. This represents a $0.43 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date is Tuesday, February 27th.
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 every year for the last 4 years.
Shares of San Juan Basin Royalty Trust (NYSE:SJT) traded up $0.10 during mid-day trading on Monday, reaching $8.76. 94,133 shares of the company’s stock were exchanged, compared to its average volume of 278,303. San Juan Basin Royalty Trust has a 52-week low of $6.04 and a 52-week high of $10.54. The firm has a market cap of $403.63, a price-to-earnings ratio of 11.28 and a beta of -0.17.
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About San Juan Basin Royalty Trust
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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