Sabine Royalty Trust (NYSE:SBR) Increases Dividend to $0.44 Per Share

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Friday, October 4th, Zacks reports. Investors of record on Tuesday, October 15th will be given a dividend of 0.4358 per share by the energy company on Tuesday, October 29th. This represents a $5.23 annualized dividend and a yield of 8.37%. The ex-dividend date of this dividend is Tuesday, October 15th. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.14.

Sabine Royalty Trust Stock Down 0.5 %

SBR stock opened at $62.45 on Friday. The firm has a market cap of $910.46 million, a P/E ratio of 10.84 and a beta of 0.46. The company’s 50-day moving average price is $62.04 and its two-hundred day moving average price is $63.54. Sabine Royalty Trust has a 12 month low of $55.60 and a 12 month high of $72.50.

Sabine Royalty Trust (NYSE:SBR) last issued its quarterly earnings results on Thursday, August 8th. The energy company reported $1.51 earnings per share (EPS) for the quarter. The company had revenue of $22.78 million for the quarter. Sabine Royalty Trust had a return on equity of 1,098.84% and a net margin of 96.63%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Sabine Royalty Trust from a “hold” rating to a “buy” rating in a report on Monday, August 12th.

Sabine Royalty Trust Company Profile

Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States. Its royalty and mineral interests include landowner's royalties, overriding royalty interests, minerals, production payments, and other similar non-participatory interest in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.