Sabine Royalty Trust (NYSE:SBR) to Issue Monthly Dividend of $0.42

Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend on Friday, September 6th, NASDAQ reports. Investors of record on Monday, September 16th will be paid a dividend of 0.4213 per share by the energy company on Monday, September 30th. This represents a $5.06 annualized dividend and a yield of 8.25%. The ex-dividend date of this dividend is Monday, September 16th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.14.

Sabine Royalty Trust Trading Down 0.8 %

Shares of SBR stock opened at $61.30 on Friday. The firm has a 50-day moving average price of $63.56 and a 200 day moving average price of $63.53. Sabine Royalty Trust has a twelve month low of $55.60 and a twelve month high of $72.50. The company has a market capitalization of $893.69 million, a price-to-earnings ratio of 10.64 and a beta of 0.47.

Sabine Royalty Trust (NYSE:SBR) last announced its earnings results on Thursday, August 8th. The energy company reported $1.51 earnings per share for the quarter. Sabine Royalty Trust had a net margin of 96.63% and a return on equity of 1,098.84%. The firm had revenue of $22.78 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research note on Monday, August 12th.

Sabine Royalty Trust Company Profile

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.