Sometimes it's All About the Dividend
All right, I couldn't just sit on the rest of that tax refund so I decided on a "safe" investment. The company is called SAN JUAN BASIN ROYAL (SJT). Basically it's a gas and oil trust that owns a large stake in some very lucrative land in New Mexico. I like this company for three reasons, it has a steady simple to understand revenue stream, it's currently paying an 8% dividend yield, and it's stock price is currently in a nice valley.
My main goal is to get the nice 8% return via the dividend, if the stock price also goes up I'll take it as a bonus.
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