Sabine Royalty Trust (NYSE:SBR) Announces Dividend Increase – $0.51 Per Share

Sabine Royalty Trust (NYSE:SBR) declared a monthly dividend on Tuesday, November 5th, NASDAQ reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.5144 per share by the energy company on Friday, November 29th. This represents a $6.17 annualized dividend and a dividend yield of 10.23%. The ex-dividend date is Friday, November 15th. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.44.

Sabine Royalty Trust Price Performance

Shares of SBR traded up $0.17 during mid-day trading on Tuesday, reaching $60.35. The stock had a trading volume of 56,550 shares, compared to its average volume of 36,302. The business’s fifty day moving average is $61.56 and its 200 day moving average is $63.02. Sabine Royalty Trust has a 52-week low of $57.00 and a 52-week high of $72.50. The firm has a market cap of $879.90 million, a price-to-earnings ratio of 9.90 and a beta of 0.47.

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

Analyst Upgrades and Downgrades

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

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.