Sabine Royalty Trust (NYSE:SBR) Raises Dividend to $0.36 Per Share

Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Thursday, June 6th, NASDAQ reports. Shareholders of record on Monday, June 17th will be given a dividend of 0.359 per share by the energy company on Friday, June 28th. This represents a $4.31 annualized dividend and a yield of 8.89%. The ex-dividend date of this dividend is Friday, June 14th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14.

Sabine Royalty Trust has raised its dividend payment by an average of 2.6% annually over the last three years and has increased its dividend every year for the last 2 years.

Shares of Sabine Royalty Trust stock traded up $0.13 on Monday, reaching $48.46. 15,690 shares of the company traded hands, compared to its average volume of 22,133. The business has a 50 day moving average of $47.60. The stock has a market cap of $704.65 million, a price-to-earnings ratio of 13.35 and a beta of 0.53. Sabine Royalty Trust has a 52 week low of $30.27 and a 52 week high of $52.59.

Sabine Royalty Trust (NYSE:SBR) last posted its quarterly earnings data on Friday, May 3rd. The energy company reported $0.88 earnings per share for the quarter. The firm had revenue of $13.74 million for the quarter. Sabine Royalty Trust had a net margin of 95.37% and a return on equity of 932.75%.

Sabine Royalty Trust Company Profile

Sabine Royalty Trust holds royalty and mineral interests in various 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.

See Also: Cost of Equity

Dividend History for Sabine Royalty Trust (NYSE:SBR)

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