Sabine Royalty Trust (sbr) to Issue Dividend of $0.23
Sabine Royalty Trust (NYSE:sbr) declared a dividend on Wednesday, October 5th. Shareholders of record on Monday, October 17th will be paid a dividend of 0.233 per share on Monday, October 31st. The ex-dividend date of this dividend is Thursday, October 13th. This is an increase from Sabine Royalty Trust’s previous dividend of $0.22.
Sabine Royalty Trust (NYSE:SBR) opened at 37.05 on Friday. The firm’s 50-day moving average is $36.94 and its 200 day moving average is $34.72. Sabine Royalty Trust has a 12 month low of $22.75 and a 12 month high of $40.99. The firm has a market capitalization of $540.15 million, a price-to-earnings ratio of 15.91 and a beta of 0.48.
About Sabine Royalty Trust
Sabine Royalty Trust (the Trust) is an express trust. The Royalty Properties are the assets of the Trust. The Royalty Properties constitutes interests in gross production of oil, gas and other minerals free of the costs of production. The Royalty Properties consist of royalty and mineral interests, including landowner’s royalties, overriding royalty interests, minerals (other than executive rights, bonuses and delay rentals), 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.
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