Sabine Royalty Trust (NYSE:SBR) Plans $0.33 Monthly Dividend

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Friday, September 4th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.3317 per share by the energy company on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Tuesday, September 15th.

Sabine Royalty Trust has raised its dividend by an average of 0.2%per year over the last three years.

Sabine Royalty Trust Stock Down 1.1%

Shares of NYSE SBR traded down $0.84 during mid-day trading on Friday, hitting $74.64. 28,329 shares of the company were exchanged, compared to its average volume of 38,124. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 15.23 and a beta of 0.22. The stock has a 50 day simple moving average of $73.29 and a 200-day simple moving average of $74.17. Sabine Royalty Trust has a 1-year low of $65.31 and a 1-year high of $84.39.

Sabine Royalty Trust (NYSE:SBR) last issued its quarterly earnings results on Friday, August 7th. The energy company reported $1.43 earnings per share (EPS) for the quarter. The business had revenue of $21.79 million for the quarter. Sabine Royalty Trust had a net margin of 94.90% and a return on equity of 961.80%.

About Sabine Royalty Trust

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.