San Juan Basin Royalty Trust (SJT) to Issue Monthly Dividend of $0.09 on June 14th

San Juan Basin Royalty Trust (NYSE:SJTGet Rating) declared a monthly dividend on Friday, May 20th, Zacks reports. Stockholders of record on Tuesday, May 31st will be paid 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 dividend yield of 9.17%. The ex-dividend date is Friday, May 27th. This is a boost 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.

Shares of SJT stock opened at $12.04 on Friday. The stock has a 50 day moving average of $9.54 and a 200 day moving average of $7.68. San Juan Basin Royalty Trust has a twelve month low of $3.75 and a twelve month high of $12.39.

Separately, StockNews.com initiated coverage on San Juan Basin Royalty Trust in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE acquired a new position in shares of San Juan Basin Royalty Trust in the first quarter worth $35,000. BlackRock Inc. increased its holdings in shares of San Juan Basin Royalty Trust by 423.1% during the first quarter. BlackRock Inc. now owns 8,976 shares of the oil and gas producer’s stock worth $79,000 after buying an additional 7,260 shares in the last quarter. Royal Bank of Canada grew its stake in shares of San Juan Basin Royalty Trust by 17,272.7% during the third quarter. Royal Bank of Canada now owns 9,555 shares of the oil and gas producer’s stock valued at $48,000 after purchasing an additional 9,500 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in San Juan Basin Royalty Trust by 41.2% in the first quarter. Advisor Group Holdings Inc. now owns 17,454 shares of the oil and gas producer’s stock valued at $135,000 after acquiring an additional 5,093 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in San Juan Basin Royalty Trust by 58.4% in the third quarter. Jane Street Group LLC now owns 20,356 shares of the oil and gas producer’s stock valued at $103,000 after acquiring an additional 7,504 shares during the last quarter.

About San Juan Basin Royalty Trust (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.

See Also

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

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