San Juan Basin Royalty Trust to Issue Monthly Dividend of $0.02 (NYSE:SJT)

San Juan Basin Royalty Trust (NYSE:SJT) declared a monthly dividend on Friday, April 19th, investing.com reports. Stockholders of record on Tuesday, April 30th will be given a dividend of 0.0229 per share by the oil and gas producer on Tuesday, May 14th. This represents a $0.27 annualized dividend and a dividend yield of 6.02%. The ex-dividend date of this dividend is Monday, April 29th.

San Juan Basin Royalty Trust Price Performance

Shares of SJT opened at $4.56 on Friday. San Juan Basin Royalty Trust has a one year low of $4.37 and a one year high of $9.60. The firm has a market capitalization of $212.54 million, a P/E ratio of 4.15 and a beta of 0.77. The business has a fifty day moving average of $5.25 and a 200 day moving average of $5.85.

Analyst Ratings Changes

Separately, TheStreet lowered San Juan Basin Royalty Trust from a “b-” rating to a “c+” rating in a report on Monday, February 12th.

Institutional Trading of San Juan Basin Royalty Trust

Several large investors have recently modified their holdings of SJT. Royal Bank of Canada grew its holdings in San Juan Basin Royalty Trust by 367.0% during the third quarter. Royal Bank of Canada now owns 2,592 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 2,037 shares during the period. US Bancorp DE bought a new stake in San Juan Basin Royalty Trust during the first quarter valued at about $35,000. Clear Street Markets LLC grew its holdings in San Juan Basin Royalty Trust by 63.2% during the fourth quarter. Clear Street Markets LLC now owns 3,100 shares of the oil and gas producer’s stock valued at $35,000 after purchasing an additional 1,200 shares during the period. Sunbelt Securities Inc. bought a new stake in San Juan Basin Royalty Trust during the first quarter valued at about $37,000. Finally, Tower Research Capital LLC TRC grew its holdings in San Juan Basin Royalty Trust by 316.2% during the first quarter. Tower Research Capital LLC TRC now owns 3,546 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 2,694 shares during the period. Institutional investors own 10.42% of the company’s stock.

San Juan Basin Royalty Trust Company Profile

San Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest in Southland's oil and natural gas interests in properties located in the San Juan Basin in northwestern New Mexico. It also owns 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.