Sabine Royalty Trust (SBR) to Issue Monthly Dividend of $0.50 on June 29th

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Friday, June 5th. Stockholders of record on Monday, June 15th will be given a dividend of 0.503 per share by the energy company on Monday, June 29th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Monday, June 15th. This is a 1.0% increase from Sabine Royalty Trust’s previous monthly dividend of $0.50.

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

Sabine Royalty Trust Stock Down 0.7%

SBR stock opened at $78.00 on Friday. The company has a market cap of $1.14 billion, a P/E ratio of 16.63 and a beta of 0.21. Sabine Royalty Trust has a twelve month low of $64.57 and a twelve month high of $84.39. The business has a fifty day moving average of $75.84 and a 200-day moving average of $73.14.

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.