Sabine Royalty Trust (NYSE:SBR) Declares Monthly Dividend of $0.36

Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend on Monday, October 5th. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.3554 per share by the energy company on Thursday, October 29th. This represents a $4.27 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Thursday, October 15th. This is a 7.2% increase from Sabine Royalty Trust’s previous monthly dividend of $0.3317.

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

Sabine Royalty Trust Price Performance

Shares of Sabine Royalty Trust stock traded up $0.90 on Monday, hitting $71.31. 17,193 shares of the company’s stock traded hands, compared to its average volume of 28,382. The firm’s 50-day moving average price is $73.01 and its two-hundred day moving average price is $74.19. The stock has a market capitalization of $1.04 billion, a PE ratio of 14.55 and a beta of 0.29. Sabine Royalty Trust has a one year low of $65.31 and a one year high of $79.86.

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

About Sabine Royalty Trust

Sabine Royalty Trust (NYSE:SBR) is a grantor trust that holds royalty and mineral interests in oil and natural gas properties in the United States. The trust does not operate wells or provide energy services; instead, it receives royalty payments and other proceeds generated by the production and sale of oil, natural gas and related hydrocarbons from the properties in which it holds interests.

The trust was established in 1982 after Sabine Corporation transferred certain royalty and mineral interests to the trust.