San Juan Basin Royalty Trust (NYSE:SJT) Shares Up 6.9%
San Juan Basin Royalty Trust (NYSE:SJT) shot up 6.9% on Tuesday . The company traded as high as $2.65 and last traded at $2.63, 210,800 shares traded hands during mid-day trading. An increase of 125% from the average session volume of 93,652 shares. The stock had previously closed at $2.46.
The business’s fifty day moving average is $2.39 and its two-hundred day moving average is $2.71.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.0017 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.02 dividend on an annualized basis and a yield of 0.78%.
About San Juan Basin Royalty Trust (NYSE:SJT)
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.
Recommended Story: Understanding Market Liquidity
Receive News & Ratings for San Juan Basin Royalty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for San Juan Basin Royalty Trust and related companies with MarketBeat.com's FREE daily email newsletter.