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San Juan Basin Royalty Trust Message Board

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  • hotpanera2 hotpanera2 Feb 14, 2005 5:48 PM Flag

    KMI companys and McDep

    I have no inside track on the dividend. I reviewed what McDep said and the very knowledgeable IC4X's prediction and found them reasonable. Last month's distribution (paid today) was very high due to a variety of factors, including the very high NG price when it was computed 2-3 months ago. In all likelihood, the one announced Friday will be .04-.06 lower. Others may disagree and I would welcome their input. While I trade SJT in my IRA (3 times successfully, this time so far not), I own a long term position in my taxable account and am certainly not trying to bash the stock. However, I know that Yahoo and similar services multiply the last distribution by 12 which makes the annualized yield seem significantly higher than it really is. Concomitantly, IF Friday's announcement is about what I expect, they will annualize that and Voila the yield will go down about 2% for anyone screening for high yield stocks. The other side of the coin is that energy stocks are trading on momentum and technicals and even a lower distribution may not have much effect. I happen to believe that it will. We'll know soon enough.

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