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

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 annualized dividend and a dividend yield of 6.41%. The ex-dividend date is Monday, April 29th.

San Juan Basin Royalty Trust Stock Performance

Shares of San Juan Basin Royalty Trust stock opened at $4.28 on Friday. San Juan Basin Royalty Trust has a 52-week low of $4.01 and a 52-week high of $8.65. The stock has a market capitalization of $199.49 million, a price-to-earnings ratio of 3.89 and a beta of 0.77. The company’s 50 day moving average price is $5.21 and its 200-day moving average price is $5.75.

San Juan Basin Royalty Trust (NYSE:SJT) last issued its earnings results on Monday, April 1st. The oil and gas producer reported $0.08 earnings per share (EPS) 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 firm had revenue of $4.01 million for the quarter.

Analysts Set New Price Targets

Separately, TheStreet lowered San Juan Basin Royalty Trust from a “b-” rating to a “c+” rating in a research note 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.