NEW YORK ( TheStreet) -- The ex-dividend date for San Juan Basin Royalty (NYSE: SJT) is Tuesday, May 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 7 cents per share. At a price of $16.35 as of 9:30 a.m. ET, the dividend yield is 5.1%. The average volume for San Juan Basin Royalty has been 313,900 shares per day over the past 30 days. San Juan Basin Royalty has a market cap of $769 million and is part of the basic materials sector and energy industry. Shares are down 27.9% year to date as of the close of trading on Thursday. 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 11.8, above the average energy industry P/E ratio of 11.5 and below the S&P 500 P/E ratio of 17.7.
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