Sabine Royalty Trust (NYSE:SBR) Declares Dividend Increase – $0.36 Per Share

Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend on Friday, November 6th. Investors of record on Monday, November 16th will be given a dividend of $0.3604 per share by the energy company on Monday, November 30th. This represents a $4.32 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Monday, November 16th. This is a 1.4% increase from Sabine Royalty Trust’s previous monthly dividend of $0.3554.

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

Sabine Royalty Trust Trading Down 0.6%

NYSE:SBR opened at $65.47 on Friday. Sabine Royalty Trust has a twelve month low of $65.06 and a twelve month high of $79.86. The firm has a 50-day moving average price of $72.31 and a two-hundred day moving average price of $73.33. The company has a market capitalization of $954.60 million, a P/E ratio of 14.14 and a beta of 0.30.

Sabine Royalty Trust (NYSE:SBR) last released its quarterly earnings results on Friday, November 6th. The energy company reported $1.31 earnings per share for the quarter. Sabine Royalty Trust had a return on equity of 961.80% and a net margin of 94.90%. The firm had revenue of $19.72 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Sabine Royalty Trust from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Sabine Royalty Trust has an average rating of “Buy”.

Sabine Royalty Trust Company Profile

Sabine Royalty Trust is a grantor trust formed in 1982 to own and administer royalty and mineral interests in oil and natural gas properties. The trust does not explore for, develop, or operate wells; instead, it receives royalty payments and other proceeds generated from production on properties in which it holds interests.

Its interests are located primarily across several U.S. states, including Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. Revenue generally depends on the volume of oil and natural gas produced from the underlying properties, commodity prices, and the operating activity of the companies that develop and manage those properties.

Sabine Royalty Trust is listed on the New York Stock Exchange under the symbol SBR.