Sabine Royalty Trust (SBR) to Distribute Monthly Dividend of $0.33 on September 29th

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

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

Sabine Royalty Trust Trading Down 1.1%

Shares of SBR stock opened at $74.64 on Friday. Sabine Royalty Trust has a 1 year low of $65.31 and a 1 year high of $84.39. The firm’s fifty day simple moving average is $73.33 and its 200 day simple moving average is $74.17. The firm has a market capitalization of $1.09 billion, a P/E ratio of 15.23 and a beta of 0.22.

Sabine Royalty Trust (NYSE:SBR) last issued its quarterly earnings results on Friday, August 7th. The energy company reported $1.43 earnings per share for the quarter. The firm had revenue of $21.79 million during 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.