San Juan Basin Royalty Stock To Go Ex-dividend Tomorrow (SJT)

NEW YORK ( TheStreet) -- The ex-dividend date for San Juan Basin Royalty (NYSE: SJT) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $19.73 as of 9:35 a.m. ET, the dividend yield is 5.3%.

The average volume for San Juan Basin Royalty has been 225,600 shares per day over the past 30 days. San Juan Basin Royalty has a market cap of $889.3 million and is part of the basic materials sector and energy industry. Shares are down 13.6% year to date as of the close of trading on Monday.

San Juan Basin Royalty Trust operates as an express trust. It has a 75% net overriding royalty interest carved out of Burlington Resources Oil & Gas Company LP's oil and gas leasehold and royalty interests (the underlying properties) located in the San Juan Basin in northwestern New Mexico. The company has a P/E ratio of 14.1, above the average energy industry P/E ratio of 13.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates San Juan Basin Royalty as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full San Juan Basin Royalty Ratings Report.

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