SJT
I bought some SJT on Friday after I saw they raised their monthly distribution to 7.5 cents. While I must admit that these royalty trusts never seem to work out for me if you stay too long, as Vin says, the devil made me do it. The long story on SJT is that the operator of the Trust was sold and the distribution was either cut or reduced while they figured out the accounting. The new distribution sets the yield around 15%. Plus nat gas prices have been rising. Remember that many of these royalty trusts pay with a lag so the current distribution is a result of proceeds they earned about 2 months earlier. SJT had been steadily rising through 2017 going from near $5 to before collapsing all the way down in March to $4.50. The stock poked its head over its 50 dma with Friday's announcement. Hopefully this pays for the new parka that I have my eyes set on.