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

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 paid a dividend of 0.0229 per share by the oil and gas producer on Tuesday, May 14th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 6.43%. The ex-dividend date of this dividend is Monday, April 29th.

San Juan Basin Royalty Trust Trading Up 1.3 %

Shares of SJT stock opened at $4.27 on Friday. The firm’s 50 day moving average is $5.21 and its 200-day moving average is $5.76. San Juan Basin Royalty Trust has a 1 year low of $4.01 and a 1 year high of $8.65. The firm has a market capitalization of $198.79 million, a price-to-earnings ratio of 3.88 and a beta of 0.77.

San Juan Basin Royalty Trust (NYSE:SJT) last announced its quarterly earnings data on Monday, April 1st. The oil and gas producer reported $0.08 earnings per share for the quarter. San Juan Basin Royalty Trust had a net margin of 96.72% and a return on equity of 1,842.90%. The business had revenue of $4.01 million for the quarter.

Wall Street Analysts Forecast Growth

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

About San Juan Basin Royalty Trust

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.