San Juan Basin Royalty Trust (SJT) Dividend History: Stock, Dividend Date, & Yield | Cash Distributions

San Juan Basin Royalty Trust - SJT - Market Position

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Stock Ticker Home Page Asset Class Sector Industry Investment Strategy Dividend Frequency Geographic Focus
SJT San Juan Basin Royalty Trust Stock / Equity Energy Oil and Gas Income Monthly United States

San Juan Basin Royalty Trust (SJT) offers a unique dividend proposition for income-oriented investors seeking a substantial and stable cash stream. As a royalty trust, SJT owns a perpetual right to receive a portion of the mineral royalties generated from oil and gas production in the San Juan Basin. This structure translates into consistent monthly income, making SJT a valuable option for dividend-focused portfolios.

San Juan Basin Royalty Trust - SJT - Current Market Data

San Juan Basin Royalty Trust - SJT - Business Overview

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Section Information

Overview:

 SJT is a royalty trust, holding a perpetual right to receive a portion of the mineral royalties generated from oil and gas production in the San Juan Basin. This unique structure allows SJT to bypass operational complexities and provide investors with a direct share in the basin's resource wealth. Their target market is income-seeking investors seeking high and consistent payouts, and their market share within the San Juan Basin royalty trust space is dominant.

Business Model:

 SJT's business model involves:
  • Revenue generation by receiving royalty payments based on the volume of oil and gas produced in the designated leasehold.
  • Profit distribution by passing on a portion of the received royalties as monthly dividends to shareholders.
  • Limited expenses, focusing on efficient administration and dividend distribution.

Industry Competition:

 While SJT faces limited direct competition as a royalty trust, within the broader energy landscape, it competes for investor attention with several high-yield options, including:
  • Other royalty trusts like Cross Timbers Royalty Trust (CRTC), Sabine Royalty Trust (SBR), and Permian Basin Royalty Trust (PBT) offering exposure to different regions and resources.
  • Master limited partnerships (MLPs) such as Kinder Morgan (KMI) and Energy Transfer LP (ET) that distribute high yields but may be more exposed to operational risks.
  • High-yield bonds and preferred stocks that offer fixed income streams but can be susceptible to interest rate fluctuations and credit risk.

Competitive Advantages:

 SJT boasts several key advantages, including:
  • High and consistent dividend yield.
  • Predictable cash flows as royalty payments are generally stable and independent of oil and gas prices, providing reliable income.
  • Limited operational risk as SJT does not own or operate any wells, minimizing exposure to production risks and liabilities.
  • Tax benefits with potential for favorable tax treatment on royalty income compared to traditional dividends.
  • Diversification offering exposure to the energy sector, hedging against broader market fluctuations.

Management Team:

 SJT's management team consists of experienced trustees and administrators appointed by the trust indenture. They play a crucial role in:
  • Overseeing royalty collection and distribution, ensuring timely and accurate payments to shareholders.
  • Compliance with regulatory requirements, maintaining regulatory compliance and safeguarding trust assets.
  • Shareholder communication, keeping investors informed about trust activities and performance.
The current Board of Trustees includes:
  • Kenneth E. Boren, Chairman: Extensive experience in oil and gas accounting and administration, serving on the Board since 1993.
  • Robert S. Sitton, Trustee: Expertise in trust law and estate planning, appointed to the Board in 2012.
  • David L. Elkington, Trustee: Background in finance and investment management, joining the Board in 2018.

Financial Performance:

 SJT's financial performance is largely dependent on production levels in the San Juan Basin:
  • 2022 Total Return: 34.52%
  • 2022 Dividend Yield: 23.43%
  • Low operating costs result in a high payout ratio of dividends to net income.

Investment Thesis:

 Investors may consider SJT for:
  • High-yield income, seeking substantial and consistent monthly payouts.
  • Portfolio diversification, adding exposure to the energy sector with limited downside risk.
  • Tax-advantaged income, potential for favorable tax treatment on royalty income.

Conclusion:

 SJT presents a unique opportunity for income-oriented investors seeking a high and predictable cash stream with limited operational risk. However, investors should be aware of its dependence on production, limited growth potential, and concentration risk in the San Juan Basin.

SJT Dividend Analysis

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Section Details

SJT Dividend Data

 San Juan Basin Royalty Trust (SJT) has an annual dividend of $0.36 per share. The dividend is paid every month. The last ex-dividend date was on February 28, 2024.

SJT Dividend Yield

 The forward yield of SJT is 13.83%. This means that for every $100 invested in the company's stock, investors would receive $13.83 in dividends per year.

SJT Dividend History

 		San Juan Basin Royalty Trust (SJT) has a history of paying dividends. The most recent dividends are as follows: On February 16, 2024, a dividend of $0.0303 per share was announced with a yield of 20.8%. The ex-dividend date was February 28, 2024, and the payable date was March 14, 2024. On January 19, 2024, a dividend of $0.0163 per share was announced with a yield of 3.52%. The ex-dividend date was January 30, 2024, and the payable date was February 14, 2024.

SJT Dividend Payout & Dividend Payout Ratio

 The payout ratio based on cash flow is 21.13%. The payout ratio is 61.41%.

SJT Dividend Stability & Growth

 SJT's dividend payments have been volatile in the past 10 years. However, SJT's dividend payments have increased over the past 10 years.

SJT Chart

SJT Comparative Analysis

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San Juan Basin Royalty Trust (SJT) Cross Timbers Royalty Trust (CRT) Permian Basin Royalty Trust (PBT)

Industry Focus

 Oil and Gas Oil and Gas Oil and Gas

Current Yield

 13.83% 10.13% 4.65%

Price-to-Earnings Ratio (P/E)

 3.35 8.61 21.55

Investment Strategy

 Income Income Income

Energy Stocks

News

Financials

Technical Analysis

Additional Considerations

Investing in San Juan Basin Royalty Trust (SJT) can be an attractive option for those seeking regular income through dividends. However, it's important to consider the risks associated with this investment. The SJT dividend is a distribution of the net proceeds attributable to the royalty from the sale of oil and gas assets. These proceeds are subject to market conditions and the performance of the underlying assets. Therefore, the dividend payout can fluctuate, impacting the income for unit holders.

The SJT dividend history shows a consistent frequency of payments, which can be appealing for retirement planning or steady income. However, the dividend data also reveals periods of decrease or stagnation, not just increase. The last ex-dividend date was on Feb 28, and the next dividend is expected to be announced soon. It's crucial to conduct a thorough analysis of the historical dividend data and consider the potential expense and risks before deciding to invest. For a more detailed overview, consider using financial platforms like TipRanks to access comprehensive dividend information, earnings per share, and other relevant data. Remember, every investment comes with a degree of risk, and it's essential to do your due diligence.