Sabine Royalty Trust (NYSE:SBR) Declares $0.28 Monthly Dividend

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Friday, February 6th. Stockholders of record on Tuesday, February 17th will be paid a dividend of 0.2834 per share by the energy company on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Tuesday, February 17th.

Sabine Royalty Trust has raised its dividend payment by an average of 0.1%annually over the last three years.

Sabine Royalty Trust Trading Down 0.1%

NYSE SBR traded down $0.05 on Friday, reaching $69.58. The company’s stock had a trading volume of 31,606 shares, compared to its average volume of 40,240. The business has a 50-day moving average price of $70.07 and a 200 day moving average price of $72.05. The firm has a market cap of $1.01 billion, a PE ratio of 12.81 and a beta of 0.29. Sabine Royalty Trust has a 52 week low of $58.25 and a 52 week high of $84.39.

Sabine Royalty Trust (NYSE:SBR) last issued its earnings results on Friday, November 7th. The energy company reported $1.70 earnings per share (EPS) for the quarter. The business had revenue of $25.52 million during the quarter. Sabine Royalty Trust had a return on equity of 961.65% and a net margin of 95.30%.

Sabine Royalty Trust Company Profile

Sabine Royalty Trust is a Delaware statutory trust that owns a non-operating royalty interest in a portfolio of oil and gas properties. Rather than engaging in exploration or production activities directly, the trust receives a share of net proceeds from hydrocarbon production on the underlying properties and distributes those proceeds to unitholders on a monthly basis.

The trust was established in 1982 through a transaction with Sabine Oil & Gas Corporation, which transferred its overriding royalty interests in numerous wells and acreage to the trust.