Why San Juan Basin Royalty Trust Is Tumbling Today
Units of San Juan Basin Royalty Trust (NYSE: SJT) plummeted more than 17% by 10:30 a.m. EDT on Friday. Weighing on the natural gas stock was its decision not to pay a cash distribution to its investors this month. San Juan Basin Royalty Trust, a royalty trust with a 75% net overriding royalty interest in the San Juan Basin of New Mexico, declared no cash distribution to its investors for August.