Sabine Royalty Trust (NYSE:SBR) Plans Dividend Increase – $0.45 Per Share

Sabine Royalty Trust (NYSE:SBR) announced a dividend on Friday, January 3rd,NASDAQ Dividends reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.4483 per share by the energy company on Wednesday, January 29th. The ex-dividend date of this dividend is Wednesday, January 15th. This is an increase from Sabine Royalty Trust’s previous dividend of $0.14.

Sabine Royalty Trust Stock Performance

Shares of SBR stock traded up $0.65 on Friday, hitting $65.81. The stock had a trading volume of 29,823 shares, compared to its average volume of 32,911. Sabine Royalty Trust has a 52-week low of $57.73 and a 52-week high of $69.78. The stock’s 50 day moving average is $63.29 and its 200-day moving average is $62.93. The firm has a market capitalization of $959.51 million, a price-to-earnings ratio of 10.14 and a beta of 0.48.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th.

Sabine Royalty Trust Company Profile

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.