Thursday Is Your Last Chance To Buy San Juan Basin Royalty Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
San Juan Basin Royalty (NYSE:SJT) has announced a monthly dividend of 1.02 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders who own SJT as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on August 14, 2023.
July 25, 2023 | 2:45 pm
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San Juan Basin Royalty's announcement of a monthly dividend of 1.02 cents per share may lead to a short-term decrease in the stock price as it goes ex-dividend on Friday.
When a stock goes ex-dividend, it typically trades lower to reflect the payout. As such, SJT's stock price is likely to decrease in the short term following the ex-dividend date. However, the impact of the dividend payout on the stock price may be offset by investors who choose to reinvest their dividends back into the stock.
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