San Juan Basin Royalty Trust Declares Quarterly Dividend of $0.02 (SJT)

San Juan Basin Royalty Trust (NYSE:SJT) announced a quarterly dividend on Thursday, April 18th, NASDAQ reports. Shareholders of record on Tuesday, April 30th will be given a dividend of 0.016 per share by the oil and gas producer on Tuesday, May 14th. This represents a $0.06 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Monday, April 29th.

San Juan Basin Royalty Trust has increased its dividend by an average of 1.2% annually over the last three years and has increased its dividend every year for the last 5 years.

NYSE SJT opened at $4.74 on Friday. San Juan Basin Royalty Trust has a 12 month low of $4.21 and a 12 month high of $7.32.

Separately, TheStreet upgraded shares of San Juan Basin Royalty Trust from a “c+” rating to a “b” rating in a research note on Friday, April 5th.

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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 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 828.1 net wells.

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

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