Sabine Royalty Trust (NYSE:SBR) Declares Monthly Dividend of $0.51

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Tuesday, November 5th, NASDAQ reports. Investors of record on Friday, November 15th will be paid a dividend of 0.5144 per share by the energy company on Friday, November 29th. This represents a $6.17 annualized dividend and a yield of 10.08%. The ex-dividend date is Friday, November 15th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.44.

Sabine Royalty Trust Trading Up 1.1 %

Shares of NYSE SBR traded up $0.69 during trading on Wednesday, reaching $61.25. The company had a trading volume of 1,850 shares, compared to its average volume of 36,141. Sabine Royalty Trust has a 12-month low of $57.00 and a 12-month high of $72.50. The business’s 50-day moving average is $61.48 and its 200 day moving average is $62.99.

Sabine Royalty Trust (NYSE:SBR) last posted its quarterly earnings data on Thursday, August 8th. The energy company reported $1.51 EPS for the quarter. Sabine Royalty Trust had a return on equity of 1,098.84% and a net margin of 96.63%. The firm had revenue of $22.78 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research report on Monday, August 12th.

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.