Sabine Royalty Trust (SBR) To Go Ex-Dividend on August 17th

Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend on Friday, August 7th. Investors of record on Monday, August 17th will be given a dividend of 0.6194 per share by the energy company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date is Monday, August 17th. This is a 44.3% increase from Sabine Royalty Trust’s previous monthly dividend of $0.43.

Sabine Royalty Trust has raised its dividend payment by an average of 0.2%per year over the last three years.

Sabine Royalty Trust Stock Performance

Shares of SBR opened at $72.91 on Friday. The company’s fifty day moving average is $73.24 and its 200 day moving average is $73.79. Sabine Royalty Trust has a fifty-two week low of $65.31 and a fifty-two week high of $84.39. The stock has a market capitalization of $1.06 billion, a PE ratio of 14.88 and a beta of 0.21.

Sabine Royalty Trust (NYSE:SBR) last released its quarterly earnings data on Friday, August 7th. The energy company reported $1.43 EPS for the quarter. Sabine Royalty Trust had a net margin of 94.90% and a return on equity of 961.80%. The business had revenue of $21.79 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Sabine Royalty Trust in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

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.