Sabine Royalty Trust (NYSE:SBR) Increases Dividend to $0.45 Per Share

Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend on Monday, August 5th, Zacks reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.451 per share by the energy company on Thursday, August 29th. This represents a $5.41 dividend on an annualized basis and a dividend yield of 8.86%. The ex-dividend date of this dividend is Thursday, August 15th. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.38.

Sabine Royalty Trust Trading Up 1.7 %

NYSE SBR opened at $61.10 on Wednesday. The company has a market cap of $890.78 million, a P/E ratio of 10.61 and a beta of 0.48. The company has a fifty day simple moving average of $64.45 and a 200 day simple moving average of $63.42. Sabine Royalty Trust has a 12-month low of $55.60 and a 12-month high of $72.50.

Sabine Royalty Trust (NYSE:SBR) last released its quarterly earnings data on Thursday, May 9th. The energy company reported $1.37 earnings per share for the quarter. Sabine Royalty Trust had a net margin of 96.22% and a return on equity of 1,059.92%. The firm had revenue of $20.76 million for the quarter.

About Sabine Royalty Trust

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.