Sabine Royalty Trust (SBR) To Go Ex-Dividend on May 15th

Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend on Tuesday, May 5th. Stockholders of record on Friday, May 15th will be given a dividend of 0.4979 per share by the energy company on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Friday, May 15th. This is a 53.2% increase from Sabine Royalty Trust’s previous monthly dividend of $0.32.

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

Sabine Royalty Trust Stock Up 2.1%

Sabine Royalty Trust stock opened at $77.39 on Wednesday. The firm has a market capitalization of $1.13 billion, a PE ratio of 15.36 and a beta of 0.23. Sabine Royalty Trust has a 52 week low of $64.57 and a 52 week high of $84.39. The firm’s 50-day simple moving average is $74.83 and its 200 day simple moving average is $72.73.

Sabine Royalty Trust Company Profile

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.