Sabine Royalty Trust (NYSE:SBR) announced a monthly dividend on Wednesday, June 6th, Wall Street Journal reports. Stockholders of record on Friday, June 15th will be paid a dividend of 0.2948 per share by the energy company on Friday, June 29th. This represents a $3.54 dividend on an annualized basis and a dividend yield of 7.48%. The ex-dividend date of this dividend is Thursday, June 14th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.28.
Sabine Royalty Trust has decreased its dividend payment by an average of 16.7% annually over the last three years.
Shares of SBR traded down $0.25 during midday trading on Wednesday, reaching $47.30. The stock had a trading volume of 4,861 shares, compared to its average volume of 13,435. Sabine Royalty Trust has a 1-year low of $36.80 and a 1-year high of $50.00. The firm has a market capitalization of $696.16 million, a price-to-earnings ratio of 21.04 and a beta of 0.14.
Sabine Royalty Trust Company Profile
Sabine Royalty Trust holds royalty and mineral interests in various 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.
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