Sabine Royalty Trust (NYSE:SBR) Announces Dividend Increase – $0.30 Per Share

Sabine Royalty Trust (NYSE:SBR) announced a dividend on Friday, March 7th, NASDAQ Dividends reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.3012 per share by the energy company on Monday, March 31st. The ex-dividend date is Monday, March 17th. This is a 108.1% increase from Sabine Royalty Trust’s previous dividend of $0.14.

Sabine Royalty Trust Trading Down 0.2 %

Shares of NYSE SBR traded down $0.12 during trading hours on Friday, hitting $66.30. 52,780 shares of the company traded hands, compared to its average volume of 43,365. The stock has a market capitalization of $966.62 million, a price-to-earnings ratio of 10.22 and a beta of 0.48. The company’s 50 day moving average price is $66.61 and its 200 day moving average price is $63.91. Sabine Royalty Trust has a 12 month low of $58.60 and a 12 month high of $70.20.

Sabine Royalty Trust (NYSE:SBR) last released its earnings results on Thursday, February 27th. The energy company reported $1.27 earnings per share for the quarter. The firm had revenue of $19.55 million for the quarter. Sabine Royalty Trust had a return on equity of 1,088.44% and a net margin of 96.72%.

Analyst Ratings Changes

Separately, StockNews.com raised Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research report on Monday, February 10th.

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.