NEW YORK (
) -- The ex-dividend date for
) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $14.10 as of 9:34 a.m. ET, the dividend yield is 6%.
The average volume for San Juan Basin Royalty has been 373,600 shares per day over the past 30 days. San Juan Basin Royalty has a market cap of $659 million and is part of the
industry. Shares are down 38.6% year to date as of the close of trading on Monday.
San Juan Basin Royalty Trust operates as an express trust. The company has a 75% net overriding royalty interest carved out of Burlington Resources Oil & Gas Company LP's oil and gas leasehold interests (the underlying properties) located in the San Juan Basin in northwestern New Mexico. The company has a P/E ratio of 10.2, above the average energy industry P/E ratio of 9.8 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates San Juan Basin Royalty as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share and a generally disappointing performance in the stock itself. You can view the full