San Juan Basin Royalty Trust UBI (SJT)
San Juan Basin Royalty Trust (SJT) is a royalty trust that owns overriding royalty interests in oil and natural gas properties located in the San Juan Basin of northwest New Mexico and southwest Colorado. Established to monetize the mineral rights in these assets, the trust primarily generates income through the production and sale of hydrocarbons, passing the majority of proceeds to unitholders. It provides investors with exposure to the energy sector through a royalty-based investment structure.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| April 12, 2024 | $0.04 | 2024-03-27 | 2024-03-28 |
| March 14, 2024 | $0.03 | 2024-02-28 | 2024-02-29 |
| February 14, 2024 | $0.02 | 2024-01-30 | 2024-01-31 |
| January 16, 2024 | $0.01 | 2023-12-28 | 2023-12-29 |
| December 14, 2023 | $0.02 | 2023-11-29 | 2023-11-30 |
Dividends Summary
- San Juan Basin Royalty Trust UBI has issued 214 dividend payments over the past 19 years
- The most recent dividend was paid 543 days ago, on April 12, 2024
- The highest dividend payed out to investors during this period was $0.45 per share
- The average dividend paid during this period was $0.11 per share.
Company News
San Juan Basin Royalty Trust will not declare a cash distribution for April 2025 due to the application of net proceeds to the balance of excess production costs from Hilcorp's drilling activities. The trust continues to face revenue shortfalls and is evaluating credit options to cover administrative expenses.
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The royalty trust delivered some bad news to its investors.