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

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Monday, October 5th. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.3554 per share by the energy company on Thursday, October 29th. This represents a $4.27 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Thursday, October 15th. This is a 7.2% increase from Sabine Royalty Trust’s previous monthly dividend of $0.3317.

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

Sabine Royalty Trust Stock Performance

Shares of SBR stock opened at $72.72 on Tuesday. The stock’s 50 day simple moving average is $72.97 and its 200 day simple moving average is $74.12. Sabine Royalty Trust has a twelve month low of $65.31 and a twelve month high of $79.86. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 14.84 and a beta of 0.29.

Sabine Royalty Trust (NYSE:SBR) last posted its earnings results on Friday, August 7th. The energy company reported $1.43 earnings per share for the quarter. The firm had revenue of $21.79 million during the quarter. Sabine Royalty Trust had a return on equity of 961.80% and a net margin of 94.90%.

Sabine Royalty Trust Company Profile

Sabine Royalty Trust (NYSE:SBR) is a grantor trust that holds royalty and mineral interests in oil and natural gas properties in the United States. The trust does not operate wells or provide energy services; instead, it receives royalty payments and other proceeds generated by the production and sale of oil, natural gas and related hydrocarbons from the properties in which it holds interests.

The trust was established in 1982 after Sabine Corporation transferred certain royalty and mineral interests to the trust.