Sabine Royalty Trust (SBR) to Issue Monthly Dividend of $0.44 on February 28th

Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend on Friday, February 7th,NASDAQ Dividends reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.4395 per share by the energy company on Friday, February 28th. This represents a $5.27 dividend on an annualized basis and a dividend yield of 7.72%. The ex-dividend date is Tuesday, February 18th. This is a boost from Sabine Royalty Trust’s previous monthly dividend of $0.14.

Sabine Royalty Trust Price Performance

Shares of SBR opened at $68.28 on Friday. Sabine Royalty Trust has a 1 year low of $58.60 and a 1 year high of $69.50. The company has a market capitalization of $995.45 million, a price-to-earnings ratio of 10.52 and a beta of 0.48. The business has a 50-day moving average of $65.65 and a 200-day moving average of $63.39.

Wall Street Analysts Forecast Growth

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

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.