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

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Friday, August 7th. Investors of record on Monday, August 17th will be given a dividend of 0.6194 per share by the energy company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date 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 increased its dividend by an average of 0.2%annually over the last three years.

Sabine Royalty Trust Stock Up 2.6%

Shares of SBR traded up $1.85 during trading hours on Friday, reaching $72.58. 61,442 shares of the company traded hands, compared to its average volume of 39,229. The stock has a market capitalization of $1.06 billion, a PE ratio of 15.48 and a beta of 0.21. The stock has a fifty day simple moving average of $73.73 and a 200 day simple moving average of $73.64. Sabine Royalty Trust has a fifty-two week low of $65.31 and a fifty-two week high of $84.39.

Sabine Royalty Trust (NYSE:SBR) last announced its earnings results on Friday, August 7th. The energy company reported $1.43 earnings per share 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.