Sabine Royalty Trust (NYSE:SBR) Plans Monthly Dividend of $0.62

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Friday, August 7th. Shareholders of record on Monday, August 17th will be paid a dividend of 0.6194 per share by the energy company on Monday, August 31st. This represents a c) annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend is Monday, August 17th. This is a 44.3% increase from Sabine Royalty Trust’s previous monthly dividend of $0.43.

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

Sabine Royalty Trust Stock Performance

Shares of SBR opened at $72.58 on Friday. The firm has a market cap of $1.06 billion, a P/E ratio of 15.48 and a beta of 0.21. Sabine Royalty Trust has a twelve month low of $65.31 and a twelve month high of $84.39. The firm’s 50 day moving average price is $73.68 and its two-hundred day moving average price is $73.63.

Sabine Royalty Trust (NYSE:SBR) last issued its quarterly earnings data on Friday, August 7th. The energy company reported $1.43 EPS for the quarter. Sabine Royalty Trust had a net margin of 94.73% and a return on equity of 959.48%.

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.