Sabine Royalty Trust Plans Monthly Dividend of $0.33 (NYSE:SBR)

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Friday, September 4th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.3317 per share by the energy company on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date is Tuesday, September 15th.

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

Sabine Royalty Trust Price Performance

NYSE:SBR traded down $0.84 during mid-day trading on Friday, hitting $74.64. The company’s stock had a trading volume of 28,329 shares, compared to its average volume of 38,124. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 15.23 and a beta of 0.22. Sabine Royalty Trust has a 1 year low of $65.31 and a 1 year high of $84.39. The business’s fifty day moving average is $73.29 and its two-hundred day moving average is $74.17.

Sabine Royalty Trust (NYSE:SBR) last released its quarterly earnings data on Friday, August 7th. The energy company reported $1.43 EPS for the quarter. Sabine Royalty Trust had a return on equity of 961.80% and a net margin of 94.90%.The business had revenue of $21.79 million for the quarter.

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.