Sabine Royalty Trust (NYSE:SBR – Get Free Report) announced a monthly dividend on Friday, December 5th. Stockholders of record on Monday, December 15th will be paid a dividend of 0.1967 per share by the energy company on Monday, December 29th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, December 15th.
Sabine Royalty Trust has increased its dividend by an average of 0.1%annually over the last three years.
Sabine Royalty Trust Trading Down 8.9%
Shares of SBR stock traded down $7.00 on Friday, reaching $71.94. 92,216 shares of the company’s stock were exchanged, compared to its average volume of 38,541. The company’s fifty day simple moving average is $74.43 and its 200 day simple moving average is $71.16. Sabine Royalty Trust has a 52 week low of $58.25 and a 52 week high of $84.39. The stock has a market capitalization of $1.05 billion, a PE ratio of 13.25 and a beta of 0.25.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sabine Royalty Trust in a research note on Friday, October 31st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.
Get Our Latest Stock Report on Sabine Royalty Trust
Sabine Royalty Trust Company Profile
Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States. Its royalty and mineral interests include landowner's royalties, overriding royalty interests, minerals, production payments, and other similar non-participatory interest in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.
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