Sabine Royalty Trust (NYSE:SBR) to Issue Monthly Dividend of $0.36

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Friday, November 7th. Investors of record on Monday, November 17th will be given a dividend of 0.3567 per share by the energy company on Friday, November 28th. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date is Monday, November 17th.

Sabine Royalty Trust has increased its dividend by an average of 0.1%per year over the last three years.

Sabine Royalty Trust Stock Up 2.9%

Shares of SBR opened at $76.73 on Friday. Sabine Royalty Trust has a 52-week low of $58.25 and a 52-week high of $84.39. The firm has a market capitalization of $1.12 billion, a PE ratio of 15.22 and a beta of 0.25. The firm has a 50-day moving average price of $74.01 and a 200 day moving average price of $69.54.

Sabine Royalty Trust (NYSE:SBR) last issued its quarterly earnings results on Friday, November 7th. The energy company reported $1.70 earnings per share for the quarter. Sabine Royalty Trust had a net margin of 94.85% and a return on equity of 866.81%. The company had revenue of $25.52 million during the quarter.

About Sabine Royalty Trust

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.