Sabine Royalty Trust (SBR) To Go Ex-Dividend on November 16th

Sabine Royalty Trust (NYSE:SBR – Get Free Report) declared a monthly dividend on Friday, November 6th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.3604 per share by the energy company on Monday, November 30th. This represents a $4.32 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend 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 raised its dividend payment by an average of 0.2% per year over the last three years.

Sabine Royalty Trust Stock Performance

NYSE SBR opened at $65.47 on Friday. Sabine Royalty Trust has a one year low of $65.06 and a one year high of $79.86. The company has a market capitalization of $954.53 million, a price-to-earnings ratio of 14.52 and a beta of 0.30. The company’s 50-day simple moving average is $72.31 and its two-hundred day simple moving average is $73.33.

Sabine Royalty Trust (NYSE:SBR – Get Free Report) last announced 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 net margin of 94.90% and a return on equity of 961.80%. The firm had revenue of $19.72 million during the quarter.

Wall Street Analyst Weigh In

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

Get Our Latest Analysis on SBR

Sabine Royalty Trust Company Profile

(Get Free Report)

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.

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Dividend History for Sabine Royalty Trust (NYSE:SBR)

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