5 Monthly Dividend Stocks to Buy in April

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1. San Juan Basin Royalty Trust (NYSE:SJT)

Dividend Yield as of April 6: 10.50%

Number of Hedge Fund Holders: 2

San Juan Basin Royalty Trust (NYSE:SJT) was founded in 1980 and is based in Houston, Texas. Operating as an express trust, San Juan Basin Royalty Trust (NYSE:SJT) owns royalty interests in oil and natural gas properties located in the San Juan Basin in New Mexico. The stock has gained nearly 40% year-to-date. 

On March 21, San Juan Basin Royalty Trust (NYSE:SJT) declared a per share monthly dividend of $0.1191, which reflects a 39% increase from its previous dividend of $0.0857. The dividend is payable on April 14, to shareholders of the company as of March 31. The company’s dividend yield on April 6 came in at 10.50%. 

San Juan Basin Royalty Trust (NYSE:SJT) reported a full-year 2021 revenue of $37.6 million, up from $8.9 million in 2020. Similarly, the net income improved significantly in 2021, reaching $36 million, compared to $7.4 million in the prior year. Cash flows in 2021 amounted to $6.2 million, versus $1.3 million in the earlier year. 

According to Insider Monkey’s fourth quarter database, Michael Price’s MFP Investors and Israel Englander’s Millennium Management were bullish on San Juan Basin Royalty Trust (NYSE:SJT), with collective stakes valued at $888,000. 

You can also take a look at 10 Mid-Cap Stocks Hedge Funds Are Talking About and 10 Best High Dividend Stocks to Buy Now

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